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<p><strong><span style="font-size:14px"><span style="font-family:calibri">News:</span></span></strong></p> <p><span style="color:rgb(0, 0, 0); font-family:arial,helvetica,sans-serif; font-size:12px"><span style="font-size:14px"><span style="font-family:calibri">Seeking to revive stalled biomass power projects, the government is looking to rope in financial institutions to extend funds to developers of such plants.</span></span><br /> <span style="font-size:10px"><span style="font-family:calibri">Source: ET</span></span></span></p> <p><span style="font-size:14px"><strong><span style="font-family:calibri"><span style="color:rgb(0, 0, 0)">SNP Insight:</span></span></strong></span></p> <p style="text-align: justify;"><font color="#000000" face="arial, helvetica, sans-serif"><span style="font-size:14px"><span style="font-family:calibri">Financing stalled biomass power projects for revival&nbsp;is a strategic decision by the governement to reach the ambitious target of 175 GW by 2022 at lower capital investment. Also, financing should be at&nbsp;lower interest rate to catalyst the procedure by wining the confidence of the developer. However, intermittent&nbsp;supply of feedstock raising the concern for the investors as well as to the developer leaving project void.</span></span><br /> <span style="font-size:12px"><span style="font-size:10px"><span style="font-family:calibri">Source: SNP Infra Research</span></span></span></font></p>