Coal India is setting an ambitious goal to install five gigawatts (GW) of renewable energy capacity by 2028. As part of its strategy to expand its green energy portfolio, the company is also exploring the development of pump storage projects within its open-cast mines. In pursuit of critical mineral assets, Coal India is engaged in discussions with various countries.
The company has identified four states – Rajasthan, Gujarat, Maharashtra, and Karnataka as key areas for renewable energy development. It is in the process of signing joint venture agreements with state governments to focus on solar panel manufacturing, solar power generation, and supply. Currently, Coal India has commissioned 150 megawatts (MW) of solar power, with an additional 450 MW under various stages of development, slated for completion by the end of FY25.
In addition to its renewable energy efforts, Coal India is actively pursuing the acquisition of critical minerals. The company recently secured a graphite mine in Madhya Pradesh through an auction.
Its focus includes the exploration and production of key minerals such as lithium, nickel, cobalt, molybdenum, graphite, phosphates, and potash. As reported by projectstoday.com, the company is also working on pump storage projects within its open-cast mines.
Coal India’s consultancy arm, the Central Mine Planning and Design Institute (CMPDI), has initiated research and surveys to identify de-coaled mines suitable for pump storage projects. There are currently over two-hundred de-coaled mines in the country, offering significant land area for such developments.
