Power producers have called upon Union Ministry of Power to rope in Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) to provide funds for smooth implementation of emission control systems (ECS) in thermal power plants.
This was necessitated following the reluctance of banks and financial institutions to fund, citing the prevalent stress in the sector and exhaustion of their lending limits to the power sector.
Besides, banks and financial institutions have indicated that the environment norms were notified after the commissioning of the plants, and therefore they were not part of the earlier approved financing plans. Thermal Power Plants (TPPs) are required to install and upgrade various ECS as per the phasing plan finalised by Central Electricity Authority (CEA) to comply with the environment norms notified by the enviroment ministry on December 7, 2015. Read more