World’s biggest coal company closes 37 mines as solar power’s influence
The implementation of solar energy and other effective ways to build the electricity has shut down the world largest coal company.
The technology is growing rapidly and providing plenty of options to the people but similarly, they have an effect on different kind of people jobs and coal industry as the world largest country announce to close the 37 mines because they are no longer economically viable.
The Coal, India was the biggest and producer of 82 percent of India’s coal announce to decommissioned by March 2018 as India’s electricity plan has rapidly grown – with the advancement of technology and renewable energy put a dent in demand for coal.
The closure of the site will provide access to save Rs 800 crore as Indians energy industry has been transformed rapidly and has step to get rid of fossil fuel as the country already canceled to build nearly coal-fired power stations.
The biggest fact towards the closure of even the world largest coal company is the invention of solar energy as it is much cheaper than the electricity in India for past several months where the other support for solar energy already exists in the region.
The international companies and campaigns support the solar power energy in India and doing heavy investment to promote the use of renewable energy and this will increase pressure on the high firms that are producing electricity with fossil fuel.
The government was also performing different tasks and decisions to neglect the coal powered electricity and enhance the solar powered as they cancel all the plans that exist to provide coal current where they have the motive to provide 57 percent of its power by renewable energy. The expert added that if the rate of coal and fossil electricity increases and decrease the price of solar then we would see the solar powered societies in 2050.
