As per the provisions of power purchase agreements, such investments can be recovered from consumers using the 'Change in Law' provisions', documents submitted by the power sector to the government showed. The current deadline is the end of 2017, which may get extended as the power sector feels that meeting the deadline impossible. The process of adhering to the norms, however, would create windfall gains to the power and pollution control equipment makers. Ministry of Environment, Forest and Climate Change in December 2015 had issued new guidelines for emission levels covering sulphur dioxide, oxides of nitrogen, mercury, particulate matter and water consumption, applicable to coal-based power plants. Apart from the challenges in implementing this mammoth scale of operations across the industry, the power sector fears there could be scarcity of equipment, pushing up prices.

Source: dna January 18, 2017 01:34 UTC