No more waiting for policy-Govt to set-up coal-fired power plant: Muhith
Posted by newenergybd on May 12, 2009
ET Report
The government is determined to set up coal-fired power plants to meet power demands and will wait no more for formulation of a national coal policy.
Finance Minister AMA Muhith said power generated from on-stream together with projects in the pipeline would not be enough to meet demand.
“So, we are mulling over new coal-fired power projects whether coal policy is formulated or not.” Industries minister Dilip Barua said investors were not coming forward due to many obstacles-power and gas and water scarcity, weak infrastructure, high interest rates, and complex tax and investment regulations, among others.
There was no alternative to removing these hindrances for domestic industries to flourish, he said. The ministers were delivering speeches at a seminar.
Source: http://www.weeklyeconomictimes.com/home-news-details.php?recordID=3721
