- The Energy Mix - https://www.theenergymix.com -

Obstacles to Adani’s Project in Australia Have Only Grown

Two years ago, the Institute of Energy Economics and Financial Analysis (IEEFA) was doubtful of the Adanis Group investing in the Carmichael coal mine in Australia, calling it financially ill-advised. Prompted by the Australian government considering an allocation to the Adanis Project, the IEEFA have revisited their previous study with a review of its financial potency 2 years on. The upcoming proposal aims to tap coal deposits that are low-energy and high in ash. IEEFA notes, “the strategic ‘moment’ for large-scale, low-quality, export-focused greenfield coal-mine projects like Carmichael has passed.”