Thermal coal demand to increase to around 1,500 MT by 2040: Joshi
The Hindu
Rise in usage in line with expected doubling of demand for energy by 2040
Thermal coal requirement would go up to around 1,500 million tonnes in the next 18 years even as the country's energy demand is set to double by 2040, Coal Minister Pralhad Joshi said on Saturday.
The Minister added that there was a need to be conscious about the environment and keep in mind sustainable mining goals.
"The expected electricity generation by 2040 would be approximately 3,000 billion units; energy demand was set to double by 2040. To cater to this demand, thermal coal demand by 2040 would increase to approximately 1,500 million tonnes," the Minister said.
Though ‘best efforts’ were being made to balance the dependence on coal and lignite with development of renewables, the transition to green energy would mostly be gradual, Mr.Joshi said during his maiden visit to NLC India Ltd. at Neyeli.
NLC India said in a statement that Mr. Joshi had emphasised the importance of coal in the country's energy security today.
India has a balanced energy mix and this is helping the country move steadily towards its energy-environmental goals, the Minister added.
He also commended the ‘significant’ role played by the company in fighting COVID-19.
xAI’s Grok may soon come to an iOS app as the company announced its Series C funding round of $6 billion.
Biocon and Zentiva receive EU approval for Liraglutide, a complex formulation for diabetes and weight management.
Equity markets fluctuate as Sensex and Nifty rise initially, then fall; global markets and oil prices also discussed.
Microsoft has been working on adding internal and third-party AI models to power Microsoft 365 Copilot.
China's dominance in critical minerals poses supply chain vulnerabilities for India, US, and EU nations, requiring strategic diversification efforts.
India's controversial popcorn tax system sparks outrage and criticism, with opposition questioning the complex GST rates.
ICAI President investigates auditing lapses at Byju's, disciplinary committee probing, details undisclosed, part of ongoing investigations.
Sensex and Nifty rebound sharply after steep decline, driven by value buying, bluechip stocks, and global market rally.
AS-IT-IS Nutrition aims for ₹300 crore GMV in 2025 with ATOM range, endorsed by Ravindra Jadeja.
Adani Group acquires Air Works, India's largest MRO company, expanding its aviation services with a ₹400 crore deal.
Sterling and Wilson Renewable Energy Ltd. secures ₹1,200 crore order for 500 MW Solar PV project in Gujarat.