Siemens will Not Develop Coal-Fired Power Plants in India

Siemens Ltd., leading manufacturing and services company in the energy and automation sectors, in an exchange filing on 17th November 2020 announced that it will no longer provide any kind of support for development of coal-fired plants in India.

Although, it further clarified that it will continue to provide services for waste heat and biomass co-firing power projects, gas-fired power plants, etc. This step is seen as an attempt by Siemens to provide support in development of renewable energy sources and help reduce carbon footprint.