the political creation of a false asx market ?, page-34

IMO India and LV are two very separate animals; I don't think that India was pursued as a contingency to the ALDP specifically....it's only 'business' to look at other areas when another project is dragging its heels.

Victoria is a brown coal burner, with about 22% of Australia's electricity generated through lignite, with some 55% of Australia's power generated through black and near 90% of NSWs power is powered through black coal....why..cos they have a shed load of the stuff.

Australia doesn't need to attempt move brown coal around the country to power other stations..no need; we are lucky enough to have an abundance of brown and black. It's not like Victoria is going to consume the billions of tonnes in power generation, so what do you do with it...leave it in the ground or....treat it and export it

India has virtually no thermal / black coal, but they do have a considerable reserve of brown...but not in the areas that most require it, which has resulted in Northern India being effect by regular blackouts....can't transport their own lignite up to those regions in its current state! hence the need to import thermal to port and bring it in by road and rail.

Just as Victoria look to use their abundance of lignite as a source of wealth; it must have also clicked with the likes of NLC , India's government-owned lignite mining and power generating company, to treat their own lignite and transport it to what ever region they want, thus reducing their need to import thermal.

In November, BHEL secured a $400m contract from Neyveli Lignite Corporation (NLC) to provide a steam generator package for the lignite-based power plant in Tamil Nadu; of which a $150m contract has been sublet to Alstom for two supercritical boilers , the complete lignite milling and firing equipment, and critical components.

NLC are looking to triple base load in the very near term, It would appear that NLC / India is moving ahead considerably faster than us in trying to sort its reserve potential.

Opportunity more than contingency IMO