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Coal Power Plants Receive Loan from the World Bank to Reduce CO2 Emission and Increase Productivity


80 percent of electricity supply in India comes from coal plants which are old, inefficient and are emitting harmful gases. In order to upgrade these coal power plants and reduce harmful gas emission, the World Bank will extend a $180-million (Rs.900-crore) loan to India. In addition, to improve power production, the project is co-financed with a $45.4-million grant from the Global Environment Facility (GEF),”

In the first phase of the project, the old and unproductive coal power plants, with a cumulative capacity of 27,000 MW, almost a fifth of India’s installed power capacity of 145,000 MW, will be upgraded

Source: www.news.in.msn.com

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Narasimhan Santhanam

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