NTPC fixes Rs.50k-cr to replace old plants

The thermal power generating giant of the country, NTPC has set aside a staggering sum of Rs. 50,000-cr to replace 11,000 MW ageing, inefficient plants with modern energy-efficient power stations, Power Minister, Piyush Goyal said, elaborating that the ambitious replacement program is part of India's efforts to increase energy efficiency and reduce the country's carbon footprint. As a matter of fact, the nation has embarked on a mission to reduce India's carbon footprint by phasing out all inefficient thermal power plants, older than 25 years, with modern ones. In this connection, the power ministry is negotiating with the environment ministry for clearances, which should not be a problem as it is a huge step in increasing energy efficiency and reducing carbon emissions. He also urged state governments to work in mission-mode to modernize their 25 years old thermal power plants with new super critical technology.