India to revive stressed thermal coal plants

Projects with 1,320MW capacity would also be set up in Bihar and Uttar Pradesh.

Reuters reports that the Indian cabinet on Thursday approved a plan to revive some of the stressed thermal power plants and set up new coal-fired power plants to curb power deficit, Finance Minister Arun Jaitley said.

Power projects of 1,320MW capacity would be set up in the eastern state of Bihar and the northern Uttar Pradesh, he said.

Whilst the Bihar power plant would cost $1.49b, the one in Uttar Pradesh would be built with an investment of $1.59b.

Read the full report here.