India’s Electricity-Sector Transformation

Institute for Energy Economics and Financial Analysis / by Tim Buckley and Jai Sharda
http://bit.ly/1P6PiiN

[RenewEconomy.com.au] Cheap solar in India sounds death knell for coal imports, Australia’s included…

The double-digit decline in the price of domestic solar in India has accelerated into 2015 with new power purchase agreements being signed at record lows of just over Rs5/kWh, fixed flat for 25 years (that is immediately deflationary).

Solar pricing has decreased to such an extent that it is now cheaper than new imported thermal coal-fired power plants at Rs6/kWh. This new economic reality means it is financially irrational to choose to build another power plant fuelled by imported coal.

The death knell for the seaborne traded coal industry has sounded…

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