India may be the fastest growing energy market in the world, but its lending to coal power projects had seen a massive dip last year as compared to 2017. The renewables (solar and wind) had, on the other hand, attracted four times more project finance lending than what was earmarked for coal-fired power plants during the period.
The observation is part of a new report that analysed project finance lending to 54 energy projects that reached financial close in 2018. The report, released by a Delhi-based think tank Centre for Financial Analysis (CFA) on Friday, revealed 90% decline in coal power project finance/lending in 2018 compared to 2017. Figures show that 80% of all energy project finance went to renewables while coal received merely 20%. Read More
Latest posts by The Times Of India (see all)
- Acting Far East: India has ramified its energy diplomacy by being a first mover in Russia’s energy-rich east - September 16, 2019
- Central India’s first CNG, LNG mother station opened in city - September 14, 2019
- Australian firm to help NTPC reduce pollution from power plants - September 14, 2019