India’s $555 Million Coal Tax May Fund Electricity Lines
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India may use part of the 25 billion rupees ($555 million) it raises this year with a coal tax to fund new electricity-transmission lines for helping distribute power from clean energy projects.
The Finance Ministry is considering a plan to give the money to states that don’t have the infrastructure to move the power from planned renewable-energy plants, said Pramod Deo, chairman of the Central Electricity Regulatory Commission.