April 10, 2008

Coal it off!

International green groups has given the World Bank's recent announcement of a $4.2bn clean energy investment in India a very coal-d reception.

IFC, a member of the World Bank Group, will finance in the building of a total 4,000 megawatt coal-fired power plant in the Mundra region, with the first 800 mega-watt unit to start in mid-2011. IFC says the facility will use supercritical technology making the plant's carbon emissions 40% less compared to existing coal-fired power plants in India.

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