Does another ill-fated overseas Indian coal adventure loom?
The Indian Government’s National Thermal Power Corporation (NTPC) is hoping next week’s India-Africa Forum Summit in New Delhi will open doors for deals on export coal mines in Africa. The failure of Coal India and other Indian companies’ overseas coal-export projects should serve as a salutary lesson for NTPC, writes Bob Burton in EndCoal.
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The heavy toll of the Sasan plant in India
Reliance Power’s Sasan power project in the Indian state of Madhya Pradesh was touted as one which would deliver cheap energy and social and economic development. Partly funded by the Export-Import Bank of the United States, the plant has turned out to be costly, polluting and devastating for displaced residents writes Shashank Bengali in the Los Angeles Times.
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Unsolved Mysteries: Has Anyone Seen These Coal Reserves?
The valuation of coal companies largely rests on how many tonnes of coal they have which can be mined and sold at a profit. When the coal price falls, companies’ estimates of their reserves should fall too. Tom Sanzillo from the Institute for Energy Economics & Financial Analysis finds otherwise.
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