Why is the rising cost of coal-fired power plants good news for India?| Business Matters

Why is the rising cost of coal-fired power plants good news for India?| Business Matters | The Hindu

Рет қаралды 14,383

Жыл бұрын

In March, the IMF put out a note that illustrated why India should quicken its ‘green’ investments.
It said that achieving net zero - which India aims to reach by 2070 - will require adjustments to how people live, work, and move around-and some of these changes will be costly.
First, India expects to increase investments in coal-fired power plants to help power economic growth, but the IMF says that by limiting these investments, substantial irreversible fixed costs could be saved.
Second, early scaling up of renewable energy allows for a more gradual policy adjustment, which may be less politically costly, and for a more continual adoption of new technologies. Costs can also be amortised over longer periods.
What is India's power generation status, given its climate goals? We take a look at some interesting data points, courtesy the IMF.
Script and presentation: K. Bharat Kumar
Videography: Bijoy Ghosh and Siddharth MC
Production: Shibu Narayan
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#powergeneration #coal #india

Пікірлер: 44

@prabhakarkrishnaswami4148 Жыл бұрын

India is heading in the right direction. In my opinion, nuclear power should also be in the mix.

@rapatel1642 Жыл бұрын

India needs to ensure they also have facilities to safely dispose of its own nuclear waste from its power plants. Built alongside the plants.

@bratteshwara Жыл бұрын

Couldn't agree more!

@RAMKISHORE-un5vf Жыл бұрын

But it still doesn’t answer why the coal fired plants are getting costlier as years go by !

@ramachandrankannan274 Жыл бұрын

Not covered in the article but the primary reason is the increase in price of fuel. We are also seeing an increase in manpower costs and capital costs ( essentially die to increase in materials cost globally). In addition, funding for coal projects is now more difficult as many agencies do not fund them. On top of all this, these plants have a minimum renewable power purchase obligation. So when conditions are favourable for renewables, the thermal plants are forced to run at low load factors resulting in low eff8ciencies thus increasing operating cost further. From a scientific perspective, the least polluting, from a lfr cycle load perspective, is nuclear but activitists, politicians, journalists and bureaucrats have shot down the opinion of scientists

@himanshusingh5214 Жыл бұрын

They need turbines which require copper and rare earth metals like Neodymiun. They also consume lots of concrete and steel to build the structures. They are megaprojects so both manpower and materials are costlier to build them. India imports a lot of Coal from Indonesia and Australia. 10s of billions of dollars are spend on importing coal. Running mines is costly and polluting too. Solar is cheaper than wind as it consumes less copper and rare earth metals. Wind turbines need very powerful permanent magnets made from Neodymium. But the maintainence cost of these are very low and the fuel is free.

@harshitpatel8167 Жыл бұрын

Thanks. This is what i was looking for, kudos!

@Robert_Downey_Jr. Жыл бұрын

M 😢td3

@himanshusingh5214 Жыл бұрын

@@Robert_Downey_Jr. 💀💀🦊🦊

@bratteshwara Жыл бұрын

Thank you. Glad it was useful

@ankeshrao7294 Жыл бұрын

Can you make a video on how does the price of final product (i.e, petrol, diesel) obtained from imported crude oil differ from those that are domestically extracted and then refined? Also, how is the parity ensured or is there a price differential? As in the latter case, it would create a rush to buy final product obtained from domestically extracted crude oil.

@mohammedhamed996 Жыл бұрын

Thank you sir for your good information

@bratteshwara Жыл бұрын

And thank YOU, sir, for watching!

@amodpataskar5673 Жыл бұрын

It would be desirable to get the price of nuclear power plants along with others, if thorium is available in India it should be a good option

@prabhushankar8520 Жыл бұрын

Good 😊👍

@alexisbendelamousseauchocolat Жыл бұрын

Thank you, Sir.

@bratteshwara Жыл бұрын

Thank you, too, Sir!

@deeptobhattacharyya3249 Жыл бұрын

We need more from Nuclear, battery capacity building for solar is much mor3 expensive

@korathmathew Жыл бұрын

Very informative

@bratteshwara Жыл бұрын

Thank you for watching. Pl do tune in regularly. This is a series and we aim to give as much perspective as information.

@suhailahameds3967 Жыл бұрын

👍

@kunalpatel2608 6 ай бұрын

Hello sir your video is very informative thanks for that but should I invest in coal sector will it sustain for future plans and gain profit out of it

@saurabhkaushik529 Жыл бұрын

I just learnt that France releases about 40gm per kwh of energy generated whereas in India it is around 900gm per kwh. Definitely, we need to emphasize nuclear and renewable sources.

@rajashashankgutta4334 9 ай бұрын

India depends on coal for electricity. France depends on uranium for electricity

@stairwaytoheaven1719 Жыл бұрын

India should ensure that it's mostly poor are able to access electricity at low cost, various studies show that access to low cost energy will lead to better quality of life for people. Our focus should be to improve quality of life of our people to global average than trying obey European orders and get bribes.

@bratteshwara Жыл бұрын

Can't agree more with you on equitable distribution of access to electricity and on improved quality of life. Thank you for watching!

@vishnuvardhan-ps9pk Жыл бұрын

Excellent data Please provide these data and statistics statewide

@bratteshwara Жыл бұрын

Thank you for your kind words. That is much too detailed to present in a short video. But the CEA web site does give some state-wide data.

@MetalCopper Жыл бұрын

In fact we cant win war against climate change but we can alleviation pollution.we should embed the renewable sources and future electricity generation device is SMALL MODULAR REACTORS (SMR) . Cost of electricity unit is mich lesser as analogous to non renewable sources. See this summer how temperature mounting as analogous to before summer. If we don't took any measures then its will dangerous in next summer.

@bratteshwara Жыл бұрын

I like the way your have articulated a moderate opinion. Thank you for watching!

@vaibhavgupta20 Жыл бұрын

tell us about storage solutions.

@bratteshwara Жыл бұрын

Not enough progress on that front yet. But will watch for some new perspectives to present to you all. Thank you for watching!

@vaibhavgupta20 Жыл бұрын

@@bratteshwara how will they manage the duck curve?

@gunjanbelwanshi Жыл бұрын

Is he the father of "finance with sharan" ??

@bratteshwara Жыл бұрын

Thank you for watching! And to your question, ha ha, I am not, but this is not the first time I have been asked that question!!!

@prakashudyavar9811 Жыл бұрын

Is there any data on how much carbon is generated by burning leaves, garbage, etc. by individuals, homes/housing societies?

@bratteshwara Жыл бұрын

Not that I know of. But am now curious enough to look around. Let's see if someone has such data at hand

@ramachandrankannan274 Жыл бұрын

Another instance of extremely lazy journalism. The big difference between Coal and renewables is that Coal is intended fir base load operations. This means the Coal.plant can deliver 100% of the installed piwer and often operates above 90% PLF. The government policy of promoting renewables which deliver between 10 and 20% annual PLF means Coal plants have to operate at less than optimal efficiency redukting in higher opersting costs as well as increased emissions per unit of power actually generated. Further, despite lot of push for Solar, the fact is the life cycle emission of solar is around half of the life cycle emissions of coal. There are reasons to promote solar and Modi's push for globally connected solar network. These find little support in western countries or the activists who produce non scientific nonsense. Hindu prefers to buy their knowledge from such people instead of asking its reporters to delve into a subject. Very disappiinting and what a falll for The Hindu.

@bob-fx9bs Жыл бұрын

how is it lazy journalism? he’s just stating facts on which sector is the most polluting and why.

@ramachandrankannan274 Жыл бұрын

@@bob-fx9bs My comment specifies the difference and why I consider it oazy journalism. If you think an article publicising what a couple of bureacrats hace said is enough, your expectations and my expectations are different. He could have finished the item in 15 seconds by saying here are the links.

@maramnikhilreddy424 Жыл бұрын

In previous video, he said pumped hydro is used for stabilizing the grid.

@himanshusingh5214 Жыл бұрын

There is a difference in installed capacity and production. Coal has only 52 % installed capacity but produces 75% of India's electricity. Any type of power storage is very costly and power is generated at random times in renewable.

@himanshusingh5214 Жыл бұрын

@@maramnikhilreddy424 He must have said "It will be used" not it is used because an unfathomable amount of pumped hydro is needed to stabilize Indian grid.