5,700 cr. Can get benefit but how to do Maharashtra revive old coal machinery.
Maharashtra something located in 5,700 Cr using the oldest and largest coal mine equipment Maharashtra can be benefited by the rupee.
With a global push towards cleaner energy options and efforts to phase out fossil fuels new avenues are being explored by Indian energy industry. According to a study, retiring and repurposing some of Maharashtra’s oldest and most expensive coal plants for clean energy and grid stability services could result in savings of ₹5,700 crore.
For the first time, the costs and benefits of retiring and reusing 4,020 MW of outdated coal units at Bhusawal, Chandrapur, Koradi, Khaparkheda, and Nashik have been quantified, according to research by Dr. Gireesh Shrimali, head of Transition Finance Research, Oxford Sustainable Finance Group at the University of Oxford, according to a press release from Climate Risk Horizons. According to a new analysis commissioned by Climate Risk Horizons, repurposing some of Maharashtra’s oldest and most expensive coal plants by using the land and some of the old coal infrastructure for clean energy and grid stability services can result in benefits worth ₹5,700 crore.