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Forecasts of cheap batteries zap India's 25-year coal power deals

Power distributors baulking at pricey long-term deals, eyeing those of 10 years or less

In India, coal-fired power plants are struggling to find customers, even as solar and wind have become the cheapest sources of power, with tariffs dropping to among the lowest in the world.

New Delhi

INDIA'S power distributors are baulking at traditional 25-year thermal-power purchase contracts, avoiding lengthy entanglements so they can benefit as costs for batteries and renewable energy slide.

Now in vogue: agreements that last 10 years or even less.


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