There may be some more good news to the Power Sector as Jayanthi Natarajan (the Hon’able Environment Minister, GoI) has announced today that Indian is planning for broader guidelines for environment clearances to the power sector; also the timelines of issuance of environment clearance will be prescribed.
"Within my mandate to protect the environment, our policy will be to have consistent, transparent guidelines," Jayanthi Natarajan said.
This move will substantially help the coal miners as:
- India holds about 10% of the world's coal reserves, but has struggled to provide enough fuel to its under-performing power sector, because of policy challenges.
- Coal India, State-run coal Minor, is keep on missiong the production targets because of delays in environmental clearances at some of its mines, even as demand rise from power plants and industries.
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