Banks agree to lend to private power producers to meet emission compliance


Banks agree to lend to private power producers to meet emission compliance

Power ministry officials met private power producers and top bankers on Monday to discuss the issue of lending for meeting emission compliance. As per the central pollution control board, all thermal power plants need to meet the emission norms prescribed by CPCB by 2022.

India has a total capacity of 1.61 lakh MW which requires Flue Gas Desulphurisation (FGD) technology to reduce sulphur dioxide emission from these thermal power plants. The private players though reached out to the power ministry seeking an extension of the deadline as banks were not willing to lend.

“About 60,000 MW of thermal capacity is from the private sector which needs technology upgradation to meet the deadline to bring down emission. The banks are unwilling to lend as it has many projects that are under stress.” Read More

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