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A not so dead stranded asset: India chooses more coal, cancels 57 nuclear plants.

Australia is so irrelevant. India is cancelling fifty times as many nuclear power plants as Australians ever dreamed of building.

Let’s build another million wind farms.

If we abandoned the country and talked our Kiwi and Canadian friends into moving to Mars with us, we could not make up the carbon credits this decision just vaporized.

Energy Post – thanks to GWPF.

The Financial Express, one of India’s major newspapers, reports that the Narendra Modi government, which had set an ambitious 63,000 MW nuclear power capacity addition target by the year 2031-32, has cut it to 22,480 MW, or by roughly two-thirds.

The drastic reduction in planned construction of new reactors will diminish India’s plans to rely on nuclear energy from 25% of electrical generation to about 8-10%. The balance of new power requirements will likely be met by use of India’s enormous coal deposits.

Please tell us again how coal is a stranded asset?

The country accounts for eight percent of world’s total coal consumption. About two-thirds of India’s electricity generation comes from coal.

India holds the fifth biggest coal reserves in the world. The country’s proved coal reserves are […]

Love those 30 year old coal and nuclear plants — nothing gives cheaper electricity

The gold-plated stars of our national grid are the old coal plants we’ve built and paid off.

A US report (thanks Lance) shows how fantastically cheap and bountiful old coal and nuclear plants are. The LCOE or the Levelized Cost of Electricity includes the costs of the concrete, turbines, car parks and coal, plus the maintenance and salaries. It reveals that thirty year old, and even fifty year old coal plants, are the gift from past generations — enormous infrastructure, built and paid for, and ready to churn out bargain electrons. Or in crazy-land, ready to be blown up.

Look how long it takes to pay off the capital cost of building them (the red sector in the graph), and look how wonderfully cheap that electricity is from a 30 year old plant. Watch the pea. All those “investigative news stories” that compare the cost of building new coal to the cost of solar or wind are hiding the most brilliant and essential assets on our grid. Reopen Hazelwood now. (!)

Both sides of politics are choosing to destroy the family jewels in the hope of controlling global weather.

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From the report by Stacy and Taylor, of the […]