Retiring old coal plants can help Maharashtra save Rs 160 billion in five years

According to the report by Climate Risk Horizons, Maharashtra can save up to Rs 160 billion in the next five years by shutting down old coal-fired power plants, along with other measures.

As per the report over 4,000 MW of coal-based capacity owned by the Maharashtra State Power Generation Company can be retired by 2022. In addition, older coal plants are less efficient and more polluting, and will need to meet the emission norms notified by the Ministry of Environment, Forests and Climate Change by 2024 at the latest. Further, the re-allocation of coal resources after the retirement of the old units will bring down the coal transport bill to Rs 6.27 billion annually from the current Rs 9.27 billion.

GET ACCESS TO OUR ARTICLES

Enter your email address

Share your work e-mail and access a free 3 month digital subscription to Power Line Magazine