World Bank funds India?s clean coal energy program

The World Bank?s Global Environment Facility (GEF) approved a grant worth $45.4 million to fund the ‘Coal Fired Generation Rehabilitation’ project in India. “We at GEF intend to work with our Indian counterparts and other large developing countries to develop clean energy framework that will enable them to obtain energy according to their requirement for development,” GEF chair and CEO Monique Barbut told a news conference in New Delhi. “Coal is in abundance everywhere in the world. And India cannot ignore its usefulness in its path towards development,” according UN Resident Representative in India Maxine Olson. (Source: World Bank grants $45.4 mn to India for clean coal energy/ Indo-Asian News Service)

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