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Power companies seek billions in govt funds or tariff hike to cut emissions

Power companies are seeking an extension of the Dec deadline to meet the new pollution standards

Reuters  |  New Delhi 

Power companies in the country are seeking billions of dollars of federal funding to retrofit coal-fired plants to cut emissions, saying hefty tariff increases would otherwise be needed to pay for the technology, according to internal documents. Private companies such as Reliance Power Ltd, Adani Power Ltd and GMR and state-run NTPC Ltd, have also asked for an extension to a December deadline to meet the new pollution standards. The government, which has been pushing a clean energy campaign hard, has given no indication it would be willing to fork out the money for the new ...

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First Published: Fri, July 28 2017. 09:10 IST