Major Indian coal plant builder turns to solar Hindustan Power Projects Ltd. (formerly Moser Baer Projects) has announced that it will no longer build coal plants after completing construction on two projects this year. “I’ve stopped developing coal plants. There’s not enough coal, and I’m not going to rely on imported coal. It’s too risky,” said Chairman Ratul Puri. Instead the New Delhi-based power company will invest nearly US$3 billion to add 650 megawatts (MW) of solar power by 2017. “Solar power has several advantages over power plants using any other fuel,” said Puri. “It is not only a clean source of energy, but also has a stabilizing effect on the grid.” In addition to its India projects, Hindustan Power Projects is developing solar projects in Germany, the UK, Japan, and Italy. (The Japan Times, The Financial Express)
Posted on: Fri, 07 Mar 2014 01:02:46 +0000
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