Maharashtra can save up to Rs 16,000 crore in the next five years by shutting down old coal-fired power plants, along with other measures, an environmental advocacy group said on Thursday. The savings can go up to Rs 75,000 crore over a decade if the state follows a set of recommendations, the report by Climate Risk Horizons said pushing for more reliance on renewable sources of power and calling them cheaper as well.
The report said that over 4,000 megawatts (MW) of coal plant capacity owned by the Maharashtra State Power Generation Company can be retired by 2022.
