Coal continues to be a key in India’s growth story as solar power is not as economical as coal-fired electricity till affordable storage of power comes in a major way, CIL has said.
The company’s argument came in the wake of a debate on the viability of coal-fired power, when solar energy is gaining momentum as it is environment friendly and considered economical.
It can be seen from a typical load curve in India that peak demand is post-5 pm and coal-based power caters to that load, Coal India Limited (CIL) Chairman Pramod Agarwal said in a recent presentation to investors.
Coal-based electricity will continue to do so till affordable storage of power comes in a major scale, he said.
