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Coal India to enter into renewable energy
India largest coal miner to develop a 2MW solar project.
Coal India, Ltd, which supplies 80% of India’s coal, is preparing the 2MW plant at Sambalpur and is considering a rooftop PV installation at its research facility in Ranchi to cut the company’s power expenses.
The Sambalpur plant occupies nine acres of Coal India land and will be a commercial project.
Coal India is also the world’s largest coal miner. It is 90% owned by the government with the remaining 10% in the public’s hands.
Coal India had revenues of US$15 billion in 2012 and a profit of US$2.7 billion.
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