This study examines the thermal, financial and operational performance of the Indian coal fleet with a capacity of 194 GW over the course of 30 months (September 2017 – February 2020) leading up to the COVID-19 pandemic. It explores factors leading to under-utilisation of some of the new and efficient assets.

This study examines the thermal, financial and operational performance of the Indian coal fleet with a capacity of 194 GW over the course of 30 months (September 2017 – February 2020) leading up to the COVID-19 pandemic. It explores factors leading to under-utilisation of some of the new and efficient assets.

In 2015, the Ministry of Environment, Forest and Climate Change legislated new standards to limit the concentration of sulphur oxides (SOx), nitrogen oxides (NOx), particulate matter (PM) and mercury (Hg) in stack emissions for coal-fired power plants.