If the annual addition of thermal power capacity over the last few years is any indication, coal seems to be losing its mojo.
In 2018-19, the country added only a fourth of the capacity it did in 2015-16. Capacity addition for the year fell short of the target (of 7,266 MW) by a good 20 per cent. And, by all counts, this trend is likely to continue in the near future.
The trend is hardly surprising. Given that existing coal-based power projects are running at less than 65 per cent of their capacity, there are bound to be few takers for new ones.
