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A committee tasked by the Power Ministry to update India's National Electricity Policy has recommended that no new coal-based capacity be considered for construction, the newspaper reported. (Bloomberg) -- India is considering a new policy to stop adding new coal-fired power plants while it works out a plan to meet its emissions and net zero commitments made at COP26 last month, the Economic Times reported, citing people familiar with the move. [Extracted from the article]

The article offers news briefs related to banking and finance. The Inter-American Development Bank, an equivalent of Asian Development in Latin America, went shopping for a $150 million Japanese yen backed by a rupee asset loan deal. The deal between Indian officials and the Bush administration failed due to the non-committal of the U.S. on the cost of accessing the FutureGen project, a program to develop a zero emission coal-fired power plant.

The article focuses on the importance of infrastructure for the development of a region. Topics discussed include the efforts of Ministry of Micro, Small and Medium Enterprises (MSME) for growth in manufacturing sector, correlation between improved infrastructure and workforce, and mentions improvement in the infrastructure of airports, railroads and electricity generation.

The article focuses on the concentrated solar power (CSP) projects under the Jawaharlal Nehru National Solar Mission (JNNSM) in India. Discussed is the estimate released by the International Energy Agency (IEA) regarding the use of CSP technology in electricity generation. The availability of water through the Indira Gandhi Nahar Project canal is also explored.

The article discusses the Central Electricity Regulatory Commission (CERC) August 11, 2014 staff report which noted the decline in volumes traded by power trading companies in India in 2013-2014. Topics discussed include the decline in volume happened despite the increasing share of the private sector in the installed generation capacity and the CERC's proposal to allow the traders to aggregate contracts and calculate average trading margin to encourage power trading.

Discusses how India's need for energy led to cooperation with longtime foe, Pakistan. Description of the 1,700-mile natural gas pipeline from Iran to India, which passes through Pakistan; Need for India to triple its power generation by 2020 to feed its growing technology and manufacturing industries.

The article focuses on the decision of Indian Power Minister Sushil Kumar Shinde to act in pursuing the hydroelectric power policy to become operational. Shinde has observed that the processes involved in getting statutory clearances from agencies like the Central Electricity Authority (CEA) have become complicated that is why he intervened in leading the policy initiatives.