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#coal Mine Investment

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Indian multinational Adani Group,
. . . proposal to develop a new coal mine in Australia’s north-east,
. . . is becoming increasingly difficult to justify,
. . . because, Adani is unlikely to be able to contribute much equity, for the
. . . $5 billion project.

Coal imports dropped by 22% to 25% over the last few months.
. . . Add into this, India’s near-frenetic renewable energy development, and
. . . coal in India’s energy mix, especially imported coal,
. . . is looking increasingly unnecessary.

4-26-2017 Source:  #Coal mine investment


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