India’s ambitious strides in decarbonization and the transition to renewable power have seen her emerging as a country with the most number of coal-based generation projects cancelled between 2010 and 2017.
The findings of a study by the US-based Institute for Energy Economics & Financial Analysis (IEEFA) show India cancelled 464,727 coal-based generation projects planned since 2010. The portfolio of coal-fired projects includes those in varying stages, from conception to grant of permissions. Next to India is the Asian hegemon China which abandoned coal-based projects totaling a capacity of 296,780 Mw. Vietnam ranks next to China with 30,750 Mw of