India has asked power companies to order equipment worth $33 billion this year to fast track capacity additions of coal-fired power in the years ahead, as...
FILE PHOTO: A loader loads coal in the truck at an open cast coal field at Topa coal mine in the Ramgarh district in the eastern India n state of JharkhandNEW DELHI - India has asked power companies to order equipment worth $33 billion this year to fast track capacity additions of coal-fired power in the years ahead, as the South Asian nation struggles to meet booming electricity demand, two government officials said.
India is rushing to add fresh coal-fired plants as it is barely able to meet high power demand with the existing fleet in non-solar hours. State-run Bharat Heavy Electricals Ltd , which bagged all power equipment contracts in auctions in the last year, is likely to get most of the contracts for the new equipment, the sources said.
Policy flip-flops and lack of orders for coal-based plants over the past several years forced other equipment suppliers such as Thermax–Babcock, BGR–Hitachi and South Korea's Doosan to shut their manufacturing units in India.
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