Government bets on power sector to meet divestment target

Government bets on power sector to meet divestment target

With a strategic sale of public sector companies such as Air India (AI), Hindustan Copper and Mecon off the table until next summer’s general elections, the government is eyeing state-run players in the power sector to replicate the ONGC-HPCL model to buy out its stake and also contribute to the “disinvestment” kitty.

Power min to hold SOS meeting to save stressed plants

Power min to hold SOS meeting to save stressed plants

Union power secretary Ajay Kumar Bhalla has convened a meeting with banks, state undertakings, including Power Finance Corporation and Rural Electrification Corporation, and oganisations representing power generating companies on August 17 to discuss options to address issues faced by stressed power projects.