NEW DELHI: The government is looking at easing lending norms for new coal-fired power stations as it doubles down on the most-polluting fuel to meet a sharp uptick in electricity demand, even as media reports on Tuesday said France and the US are preparing to propose a ban on private funding for coal at the forthcoming COP-28 climate meet.
People aware of discussions in the power ministry indicate the requirement of PPAs (power purchase agreements) with distribution companies for lending to new coal-based power stations may be done away with to ease flow of funds.
