The government is looking at easing lending norms for new coal-fired power stations as it doubles down on the most-polluting fuel to meet a sharp uptick in electricity demand, amid reports that France and the US are preparing to propose a ban on private funding for coal at the forthcoming COP-28 climate meet. People aware of discussions in power ministry indicated requirement of power purchase agreements (PPAs) with distribution companies for lending to new coal-based power stations may be done away with to ease flow of funds.
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