All power plants which have completed 25 years of operations will be replaced with modern and environment-friendly ones to enhance production capacity, power minister Piyush Goyal said in Lok Sabha.
He said the Centre has framed a guideline to replace all old power plants in a phased manner as their production capacity has slowed down.
Frequent breakdowns, inefficiency and pollution are the main reasons behind the decision to replace the old power plants with modern and environment friendly ones in a phased manner, he said during Question Hour.
Goyal said presently power situation in the country was not good but it was inherited from the NDA government has taken charge hardly over two months ago.
To a supplementary, he said 100% FDI is allowed in power sector and the government would welcome more funds to be invested in that sector.