Reuters reveals India’s NTPC snubs foreign emissions tech, shuts out GE, others from $2 bln orders

Reuters reported exclusively that top Indian electricity generator NTPC has rejected the emissions-cutting technology of GE and other foreign firms for its coal-fired plants, shutting them out of an estimated $2 billion in orders. State-run NTPC, which generates a quarter of India’s electricity, held talks with foreign firms including General Electric Co, Norway-based Yara International and Japan-based Mitsubishi Hitachi Power Systems over the potential purchase of filters that lower emissions of smog-causing nitrogen oxide. However, none of the pilot tests it conducted met key emissions parameters.

Article Tags
Type: Reuters Best
Sectors: Equities
Regions: Asia