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India to add only 6,000 Mw of coal-based power capacity next fiscal

Coal-based capacity addition in the Indian power sector, which fell to a low of 3,600 Megawatt last financial year (2018-19), is likely to remain subdued in a range between 5,000 Mw and 6,000 Mw in the current fiscal year and the next (2020-21), according to India Ratings and Research.“This likely decline in thermal capacity addition is attributed to the decommissioning of nearly 2,000 Mw annually as the plants complete their useful life the stress in nearly 85 per cent of the private under-construction capacity, given the issues with regards to availability of funds, coal, power purchase agreements and evacuation and decline in fresh project starts across the central, state and private sectors,” the Fitch Group arm said in a report.In the .....

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