Through this funding, India’s three old coal-fired power plants at Panipat in Haryana, Bandel in West Bengal and Koradi in Maharashtra, would be renovated.
The World Bank said that, presently in India 80% of the power supplies to farms, factories, and houses are generated from the coal-fired power plants. One third of the total coal-fired plants emits harmful gasses into the air and are inefficient and older.
The World Bank continued that, this step would rehabilitate coal-fired power stations and the step is climate-friendly.
The funding agency, said: The project, which is expected to lower carbon emissions and boost power production at these plants, is co-financed with a $45.4m grant from the Global Environment Facility (GEF).
Mikul Bhatia, World Bank Energy Specialist and project team leader, said: If scaled up effectively to the remaining similar units needing rehabilitation, India could be looking at emissions cuts anywhere between 10 to 13 million tonnes of CO2 equivalent each year.
