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Government plans over $12 billion in power plant, EV incentives to cut pollution

Updated : February 15, 2019 09:44 PM IST

The proposal by the power ministry to its finance commission is in addition to an existing proposal that envisages installation costs for emission-cutting equipment to be passed on to consumers.
The ministry's plans come against the backdrop of a utilities sector under financial stress, with loans from mostly state-run lenders turning sour or requiring restructuring, according to an Assocham-Grant Thorton report this month.
Government plans over $12 billion in power plant, EV incentives to cut pollution
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