Rating agency Crisil on Thursday said the prolonged delay in resolution of payments by discoms of states like Andhra Pradesh and Telangana to renewable energy producers can weaken the credit outlook of the sector and moderate investor sentiment.
According to the agency, few renewable energy producers are managing the stress arising from payment delays by these discoms because of their diversified operations and financial flexibility.
Crisil has analysed 10 companies which have won around half of the projects awarded in the past two years and account for 32 per cent of installed renewable capacity in India.
Discoms of Andhra Pradesh have been delaying payments for contracted renewables assets for around one year. Read more
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