Coal India, the world’s largest coal miner, mentioned in a statement that it will aggressively be participating in the nation’s solar energy auction.
The company revealed plans on shutting down its small mines and also holding back on opening new mass mines.
Pramod Agarwal, the chairman of Coal India, revealed a new joint venture collaboration with NLC India, stating that the company is looking to invest over US$ 830 million in solar projects.
In a span of three years until 2020, Coal India has shut down 82 mines and also reducing its workforce by over 18,600 people.
Coal-powered plants are one of the most prominent sources of pollution, the company is taking a big step to secure its future as coal is expected to be replaced by solar power in the next 2-3 decades.