Speaking on the occasion, Science and Technology minister Harsh Vardhan said energy has always been a top priority for Prime Minister Narendra Modi and this MoU marks "a historic moment". there could be many other issues that can come up. The meeting is significant against the backdrop of USD 250 billion funding requirements towards India's ambitious target of 175 GW power capacity addition from renewable sources by 2022. It is estimated that about 300 mt of coal samples will be analysed for quality per Wholesale pure sine wave inverter Suppliers year. Goyal gave some firm assurances on the power availability front, saying there is enough electricity for the next 10 years. "I am meeting the World Bank chief tomorrow. "Even if we have no hydro power projects, India will have sufficient power," he added. As a part of this MoU, CSIR-CIMFR will make use of its knowledge based support in maintaining quality of coal at national level for the entire power sector.

 This project is expected to result in improvement in performance of power plants, besides providing benefits to consumers."A committee that has been constituted between NTPC, Coal India and other members has drawn up a complete mechanism on how coal sampling will be done, the procedure for testing the sample, reporting the findings and the necessary impact it will have on the billing, particularly at the loading end," he said. Cost of funds could be an issue," he told reporters here.. He further said that in the last two years, there has been a significant improvement in the quality of coal being supplied to consumers. "World Bank funding these days is quite expensive relative to other funding available, so I will probably flag off cost of funds also," he said.

 Among public sector banks, SBI will be financing the largest capacities of 15,000 mw with an outlay of Rs 75,000 crore followed by IDBI Bank (3,000 mw). New Delhi: Power Minister Piyush Goyal on June 28 said he will seek low-cost and long-term finance for clean energy projects in his meeting with World Bank chief Jim Yong Kim tomorrow. State-owned NTPC has reported reduction of nearly 20 per cent in the cost of coal, largely by reducing imports of fossil fuel, the minister said, adding that there is an annual savings of around Rs 8,000 crore by the power PSU only in consumption of coal. With the World Bank, I am sure would be talking about how we can engage particularly for renewable energy to get low-cost long tenure funding.SBI will be financing the largest capacities of 15,000 mw with an outlay of Rs 75,000 crore followed by IDBI Bank (3,000 mw).