Bhopal: Twin back-to-back train derailment took place at the same spot in Madhya Pradesh around midnight on Tuesday, with several bogies and engines of Varanasi-bound Kamayani Express and Mumbai-bound Janata Express falling into a swollen river. Casualties are not yet known, authorities said.
Kamayani Express, which runs between Mumbai’s Lokmanya Tilak Terminus station to Varanasi Junction in Uttar Pradesh, was derailed around midnight near Khiriya village in Harda district, about 160 km from here, Superintendent of Police Prem Babu Sharma told IANS.
He added that “two-four bogies of the train have fallen into the Machak river and due to rain and darkness it may take hours to confirm the casualties”.
I.B. Siddiqui, a spokesperson for the West Central Railway, said that Janata Express also derailed within minutes of the first accident while crossing the same bridge over the Machak river. The train was on its way to Mumbai from Jabalpur.
“The engine and at least one of the bogies of Janata Express have fallen into the river,” Siddiqui said, adding that rescue efforts have been launched and many senior officials of the railway and administration have reached the spot.
“Rushing emergency medical & other relief personnel to spot. Darkness,water creating hurdles but ordered all possible help. Trying our best,” Railway Minister Suresh Prabhu tweeted after the accident.
He added that efforts are being made “to pull back [the] trains”.
“Local villagers, Admn r also in rescue operation. Everything that’s necessary and possible being done. Constant in touch with CM MP & Rail off,” the minister said in another tweet.
Coal consumption forecasts have already been downgraded significantly from 2013 projections, and major shifts in energy policy like Modi’s are likely to add significant weight to the idea that India might well become a much bigger player in renewable energy production in the next 20 to 30 years
When Prime Minister Narendra Modi’s government announced its target to increase India’s renewable energy capacity to an equivalent of 40% of the nation’s total green energy output, it raised eyebrows. Could this mean an end to India’s coking coal industry?
Is there investment for green energy?
For any alternative to coal to be a serious consideration, there must be investment sources. Already India’s renewable target has attracted investors like Japan’s SoftBank, which agreed to a deal to sell power generated from a Northern Indian solar bank at 2.4 rupees per unit – below that of coal power, which currently costs over 3 rupees per unit.
Contrary to the enormous investment in the production of solar panels being manufactured by China, which has made them cheap enough to encourage this Indian growth in solar renewable energy, there has been relatively little investment in Indian coal.
For instance, state-run NTPC has cancelled several large coal mining projects, including a huge plant in Andhra Pradesh. Meanwhile, the private sector has continued investing in renewables. Adani Power has over $600 million invested in solar panels in the southern state of Tamil Nadu.
That Modi has made an investment of $42 billion in the renewable energy sector over the past four years and his renewables plan is likely to generate a further $80 billion in the green energy sector in the next four years is good news for the Rupee. External investment in India is likely a sign of increased currency transaction in forex trading signalling the Rupee gaining strength against other pairs. Like the Indian economy, millions of dollars are traded on currencies every day, and increased interest in the Rupee helps cement India’s economic and investment potential.
How reliant is India on coal power?
Not so long ago the Indian government had a target to connect 40 million households to the national grid by the end of 2018. It even tasked CIL, the state coal monopoly, to produce over a billion tonnes of coal per year by 2020, an increase of almost 100% from 2016. It’s an ambitious goal, notwithstanding the environmental impacts of mining for such an unprecedented amount of coal. This is the same coal that already generates 70% of India’s primary commercial energy requirement; compare that figure to the UK’s 11%, Germany’s 38%, and China’s 68%, while France has practically shut all of its coal power stations. This means that India’s shift from coal could have important implications for the global climate, and any investors looking towards coal would be making a very brave and risky decision.
The increasing problem with relying on coal
Environmentally, coal isn’t a sustainable source of power, certainly not in current quotas. Clean-up costs could make coal an out-of-date power source sooner rather than later. A report by Oxford University estimated that investors in coal power may lose upwards of half a trillion dollars because assets cannot be profitably run or retired early due to global temperature rises and agreed carbon emission reductions.
Coal consumption forecasts have already been downgraded significantly from 2013 projections, and major shifts in energy policy like Modi’s are likely to add significant weight to the idea that India might well become a much bigger player in renewable energy production in the next 20 to 30 years – although it’s difficult not to see coal remaining an important power source considering India’s significantly large coal reserves still available in Eastern India.