ADANI COAL MINES AND INDIA’S ENERGY SECURITY, ANALYZING THE ROLE

2. Adani Coal Mines have played a significant role in India’s energy security, providing a reliable and affordable fuel source for power generation. The Indian government has set a target to provide 24×7 electricity to all households in the country by 2024, which is an ambitious goal. These coal mines can help meet this objective by ensuring a stable power supply to support industrial growth, infrastructure development, and the welfare of the country’s citizens.

3. The Adani Group has made significant investments in coal mining, with the Parsa East, the Kanta Basan mine, Gondalpura, Hazaribagh, Jharkhand, Hasdeo, Chhattisgarh in India, and many other notable projects. In 2019 the group’s coal mining business contributed about 14% of the total revenue. The business intends to extract 2 to 3 million tonnes of coal annually for its Tiroda power station and sell coal to further units in the area.

4. THE ADANI COAL MINES PROJECT HAD SEVERAL POSITIVE IMPACTS ON THE INDIAN ECONOMY • There are many positive impacts of the Adani Coal Mines project, but below are a few: • It increased domestic coal production, reducing the country’s dependence on costly coal imports and stabilizing energy prices. • It generated employment opportunities, benefiting local communities and contributing to poverty alleviation. The project also spurred infrastructure development in the region, enhancing connectivity and fostering economic growth. • Increased coal production supported various industries reliant on coal, boosting their productivity and competitiveness. • Infrastructure development in the region was boosted, improving connectivity and supporting overall economic growth. • The Adani Coal Mines attracted foreign investment, promoting economic growth and technological advancement.

5. ENVIRONMENTAL IMPACT • Deforestation, air and water pollution, habitat destruction, greenhouse gas emissions, and ecosystem degradation are common environmental impacts of coal mines, and Adani Coal Mines are well aware of them. For this reason, we: • Implement advanced mining technologies to minimize surface disturbance and reduce the footprint of mining operations. • Adopt best practices for reclamation and rehabilitation of mined-out areas to restore ecosystems. • Invest in modern and efficient equipment to reduce energy consumption and emissions. • Implement water management strategies to minimize water usage and prevent contamination of water sources.

6. INDIA’S ENERGY TRANSITION PLANS The Indian government has set ambitious targets to increase the share of renewable energy in the country’s electricity mix, aiming for 500 GW of renewable energy capacity by 2030. The government has also taken several policy measures to promote renewable energy, such as providing subsidies, tax incentives, and a green energy corridor to facilitate renewable energy transmission. Several factors, including energy security, environmental sustainability, and economic benefits, drive the transition toward renewable energy sources.

7. CONCLUSION The Adani Group’s diversification into renewable energy sources positions it well to leverage opportunities that arise from India’s energy transition plans and the global shift towards renewable energy sources. The company’s commitment to environmental sustainability and its investments in clean technologies demonstrate its understanding of the changing energy landscape. While the demand for coal is expected to decline, especially in developed countries, it is likely to remain relatively high in developing nations, where access to electricity remains a priority.

8. Adani Coal Mines have played a significant role in India’s energy security, providing a reliable and affordable fuel source for power generation. The Adani Group has recognized the potential of renewables. It has diversified its energy portfolio to include renewable energy sources, such as solar and wind power, reflecting an awareness of the need to transition towards a cleaner energy future. SOURCE URL: https://www.newssamachar.com/adani-coal-mines-and-indias-energy-security-analyzing-the-role/

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