India’s power sector is shifting towards renewable energy and storage technologies, reducing coal’s role to a flexible balancing resource. Coal-based power is becoming uneconomical compared to renewables. The National Electricity Plan 2032 shows progress in solar, coal, and hydro power, but growth is needed in pumped-storage and battery energy systems.

Cost implications are profound as coal-based electricity is projected to be 25% higher by FY31-32. Coal plants will operate closer to minimum thresholds due to higher solar penetration, decreasing daytime demand. Firm renewables with battery storage are cost-competitive, offering Rs4.3 to Rs5.8 per kWh tariffs.

India can achieve reliability and flexibility without new coal plants, focusing on storage solutions, operational reforms, and retrofits. Prioritizing system flexibility aligns with NEP 2032 goals, ensuring an efficient, resilient, and sustainable power system. Ember’s report highlights the need to move away from coal post-2032 for a viable power sector.

Read more at Yahoo Finance: India’s coal power no longer viable beyond NEP 2032 targets