The Central Electricity Regulatory Commission (CERC) approved Rs 1,663 crore in principle on April 23, 2020, for the construction of a flue-gas desulphurisation (FGD) device at Reliance Sasan’s plant in Singrauli, Madhya Pradesh, to comply with new environmental standards.
The flue-gas desulphurisation system is an essential device for reducing air pollution and meeting new environmental standards.
This approval means that the company can recover this amount of Rs 1,663 crore from its customers through tariff hikes. This, in-turn, helps them to secure a loan from the banks, as it acts as a promise of definite recovery of the money paid to build this device.
Share this article