India does “not wish to import any coal from anywhere in the world” – so why is Adani pushing for the Queensland mine?

Does the proposed Adani mine in Queensland’s Carmichael Basin (and right on the edge of the Great Barrier Reef) make any sense at all?

India’s energy minister, Piyush Goyal, said way back in 2018 that India did “not wish to import any coal from anywhere in the world” and had enough domestic reserves to be self-sufficient.

adanisolar

With increasing use of solar, like this Adani solar plant, India does not want and does not need more of Australia’s coal

Since then the uptake of cheaper renewables has been massive, so any need to import coal today must be less than it was.

India now has “sufficient coal capacity” to power itself without Queensland’s Carmichael mine project, thanks to the increased productivity of domestic mines, cheaper renewables and lower than expected energy demand, the country’s energy minister has said.

The Minister said the country would be self-sufficient in coal, except that many power plants had been designed to run only on import quality coal.

So – given India’s strong wish to NOT import coal plus the scaling up of renewables, why is Adani Group pushing ahead at all?

Author: Stephen Manallack

Former President, Australia India Business Council, Victoria and Author, You Can Communicate; Riding the Elephant; Soft Skills for a Flat World (published by Tata McGraw-Hill INDIA); Communicating Your Personal Brand. Director, EastWest Academy Pty Ltd and Trainer/Speaker/Mentor in Leadership, Communication and Cross Cultural Communication. Passionate campaigner for closer western relations with India. Stephen Manallack is a specialist on “Doing Business with India” and advisor/trainer on “Cross-Cultural Understanding”. He is a Director of EastWest Academy Pty Ltd which provides strategic advice and counsel regarding business relations with India. A regular speaker in India on leadership and global communication, his most recent speaking tour included a speech to students of the elite Indian university, Amity University, in Noida. He also spoke at a major Federation of Indian Chambers of Commerce and Industry (FICCI) global summit, the PR Consultants Association of India in Delhi, the Symbiosis University in Pune and Cross-Cultural Training for Sundaram Business Services in Chennai. He has visited India on business missions on 10 occasions and led three major trade missions there. He provides cross-cultural training – Asia and the west.

One thought on “India does “not wish to import any coal from anywhere in the world” – so why is Adani pushing for the Queensland mine?”

  1. As soon as they are able to get coal from Queensland India will have coal crisis & Import will start at higher prices

    Like

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