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    Home > Chemicals Industry > International Chemical > India added 8,800 MW of new coal power in 2019

    India added 8,800 MW of new coal power in 2019

    • Last Update: 2023-01-02
    • Source: Internet
    • Author: User
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    India added 8,800 MW of coal-based power generation capacity last year, funded by state-owned financial institutions Power Finance Corporation (PFC) and Rural Electrification Corporation (REC), according to the Institute for Energy Economics and Financial Analysis (IEEFA
    ).

    IEEFA said the total loan amount for these projects is about Rs 40,223 crore, and the projects funded in 2019 include the 1,600 MW Udangudi Thermal Power Project in Tamil Nadu, the 1,600 MW Adani Godda Power Plant, the 4,000 MW Patratu Thermal Power Plant in Jharkhand, and two power generation facilities at the Yadadri Power Station in Tranganna, each with an installed capacity of 800 MW
    .

    However, IEEFA warned that the pressure on the thermal power industry could be $4-6 billion in potential distressed assets
    .
    When PFC acquired REC, it formed the country's largest non-bank financial company, with total assets on book value of nearly $100 billion
    as of December 2019.

    The IEEFA said PFC and REC have provided extensive lending to coal-fired power projects, including $49 billion, or 54 percent of total loans, for thermal power
    .

    India added 8,800 MW of coal-based power generation capacity last year, funded by state-owned financial institutions Power Finance Corporation (PFC) and Rural Electrification Corporation (REC), according to the Institute for Energy Economics and Financial Analysis (IEEFA
    ).

    coal

    IEEFA said the total loan amount for these projects is about Rs 40,223 crore, and the projects funded in 2019 include the 1,600 MW Udangudi Thermal Power Project in Tamil Nadu, the 1,600 MW Adani Godda Power Plant, the 4,000 MW Patratu Thermal Power Plant in Jharkhand, and two power generation facilities at the Yadadri Power Station in Tranganna, each with an installed capacity of 800 MW
    .

    However, IEEFA warned that the pressure on the thermal power industry could be $4-6 billion in potential distressed assets
    .
    When PFC acquired REC, it formed the country's largest non-bank financial company, with total assets on book value of nearly $100 billion
    as of December 2019.

    The IEEFA said PFC and REC have provided extensive lending to coal-fired power projects, including $49 billion, or 54 percent of total loans, for thermal power
    .

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