01 Jul '12, 1pm

Cheap Coal Is Dead

“In March, the power generating arm of India’s largest conglomerate, the Tata Group, announced that it was shifting its investment strategy from coal-fired thermal plants to wind and solar renewable projects. Coal projects, Tata said, were becoming ‘impossible’ to develop, and investment in them had stopped.” “While coal is geologically more abundant than oil, cheap coal, close to population centers, is not. The biggest coal- producing region in the U.S. — the Powder River Basin — can get coal out of the ground for about $12 a ton. It costs roughly $60 a ton to ship it to power plants in the Ohio Valley. China’s vast reserves near Inner Mongolia can be mined for $25 a ton. But by the time it travels by rail across North China, then by sea to southern coastal cities, the cost rises to more than $125 a ton.” “China and India, which had been counting on buying coal for $40 a ...

Full article: http://cleantechnica.com/2012/07/01/cheap-coal-is-dead/

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