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Power generating firms will be allowed to pass on the cost of retrofitting plants for meeting emission norms according to Secretary, Ministry of Power, Ajay Kumar Bhalla.
Speaking at the India Energy Forum, India Power Forum Bhalla also said that the Ministry is going ahead for changes in regulations to allow the same. “We do not need to change any law. It is understood,” Bhalla added.
A statement from IEF said that the cost of retrofitting a power plant ranges from ₹ 1 crore to ₹ 2 crore per megawatt while that for new coal-based plant would be around ₹ 5 crore per MW.
As many as 295 coal-based power plants have got more time of two to four years to meet strict new environment norms which were to be implemented by December 2017, the statement added.
Bhalla said that he hoped that the deadline for power plant emission norms would be extended by the Ministry of Environment and Forests.
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