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Exclusive: Indian utility bets $10 billion on coal power despite surplus, green concerns


India's state-run power utility plans to invest $10 billion in new coal-fired power stations over the next five years despite the electricity regulator's assessment that thermal plants now under construction will be able to meet demand until 2027.

In the first phase, India's biggest power producer, NTPC (NTPC.NS), plans to build three new plants with a combined capacity of more than 5 gigawatts (GW), nearly double the capacity of those currently being phased out, five senior company officials said.

The company has not made the investment public because it has not yet received government approval.


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