Adani coalmine at heightened risk of becoming a stranded asset, report says

The Institute for Energy Economics and Financial Analysis (IEEFA), says the Carmichael project is likely to be “cash flow negative” for the majority its operating life, even with concessional loans.

People protest against Adani’s Carmichael calming
outside the Indian high commission in
 Canberra. Coral scientists have argued the coal
 needs to stay in the ground if the Great Barrier
 Reef is to be protected from the impacts
 of climate change.

The risk of the controversial Adani Carmichael coalmine becoming a stranded asset has increased in the last 12 months, according to a new report.

The IEEFA’s new report, Adani’s Remote Prospects, warns Adani Enterprises is not in a strong financial position.

It has thrown into doubt the wisdom of lending the project $1bn worth of taxpayers’ dollar through the Northern Australia Infrastructure Facility (NAIF).

Read the story by Gareth Hutchins on The Guardian - “Adani coalmine at heightened risk of becoming a stranded asset, report says.”