India s drive to ramp up coal output to meet growing energy demand is faltering due to banks reluctance to finance newly auctioned mines, though most lenders remain far from ditching fossil fuels for good, analysts and officials said. Of the 87 mines auctioned to private companies in the past three years in a push called "Unleashing Coal" - part of India s energy self-sufficiency plans - only four are operating, with the rest awaiting financing, a federal coal ministry official said, asking not to be named.
Analysis: India s coal mining bet stumbles as wary banks weigh rising risks reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Of the 87 mines auctioned to private companies in the past three years in a push called "Unleashing Coal" - part of India s energy self-sufficiency plans - only four are operating, with the rest awaiting financing, a federal coal ministry official said, asking not to be named.
Fossil fuel vs renewables: India s coal mining bet stumbles as wary banks weigh rising risks – The Frontier Post thefrontierpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thefrontierpost.com Daily Mail and Mail on Sunday newspapers.