The economic case for Adani to lead India’s domestic energy strategy
Adani group, owner of India’s most valuable energy company, should lead the Indian energy strategy by further aligning itself with the government’s vision for energy independence and fast-growing reliance on renewables. This has been stated in a new report released by US-based Institute for Energy Economics and Financial Analysis (IEEFA). Progressively phasing out the coal power generation will be an economically rational strategic move for the Adani Group to make, according to the report. It will also be fully aligned with the Indian government’s intention to replace ageing coal plants with renewable energy.