The Indian government is considering relaxing lending norms for new coal-fired power stations in order to meet the increasing demand for electricity. This move would involve removing the requirement of power purchase agreements (PPAs) with distribution companies to ease the flow of funds. The power ministry aims to add 30,000 MW of new thermal generation capacity on top of the 50,000 MW already underway to avoid future electricity shortages. The push for coal-based generation capacity comes as power demand in India has been growing at an annual rate of 20%.
- News Source Indiatimes (Click to view full news): CLICK HERE
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