India Pushes Back Flexible Coal Power Plan Amid Cost Uncertainty
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AI-PoweredFinBERT analysis of financial text showing neutral sentiment with 94.1% confidence.
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India is delaying a plan to have coal-fired power plants operate at reduced rates when solar generation is at its highest, due to uncertainties about how to compensate coal plants for running at minimum levels, according to minutes from government meetings reviewed by Reuters. India, which relies on coal for about 60% of its power generation, has seen booming solar capacity additions in recent years and plans a massive buildout to quadruple solar capacity by 2035. As the country looks to have more of this solar capacity contributing to power…
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FinBERT analysis of financial text showing neutral sentiment with 94.1% confidence.
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