States gun for coal power in setback for green transition

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power production recently.

Green energy developers argue that coal power makes no economic sense.

"If the levelized cost of power and escalation in coal prices are considered, the actual prices of thermal power would go above 17 per unit, while the cost of renewable power with storage is much better. There are batteries which run for about four hours and can be used in the evening when the demand is high. There is no genuine reason why discoms should prefer coal, which is a polluting resource, over renewable. There are neither economic nor operational reasons," said Parag Sharma, chief executive officer (CEO) of European alternative asset manager EQT-backed Zelestra India, which has an operational capacity of 600MW, with another 2GW contracted portfolio, of which 1.5GW is under construction.