Maha can gain Rs 5,700 cr by ‘repurposing’ old coal plants for clean energy

Repurposing some of the oldest and most expensive coal power plants by using the land and some of its old infrastructure to generate clean energy can give benefits of around Rs 5,700-crore, a new study has said.

The first of its kind analysis — commissioned by Climate Risk Horizon — was conducted by Dr. Gireesh Shrimali, Head of Transition Finance Research, the University of Oxford’s ‘Oxford Sustainable Finance Group’.

It has made a quantification of costs and benefits associated with retiring and repurposing 4,020MW of the old coal units at Nashik, Chandrapur, Bhusaval (Jalgaon), Koradi and Khaparkheda (both Nagpur).