Indian conglomerate Adani Group plans to begin extracting coal from the USD 16.5 billion Carmichael project in Australia in 2020-21, its Chairman Gautam Adani has said.
The Group, which has interests from ports to power, would finalise by June an investment decision for the project, which has been delayed due to protests from environmental groups. In an interview to PTI, Adani said his group is not just investing in coal but also in renewable energy in Australia, seeking to develop 1,500 MW of solar projects by 2022. “Like in India, we are investing heavily in renewable energy in Australia too,” he said. It has signed pacts to build two solar farms, each with capacity of 100-200 megawatts in Queensland and South Australia.