Banking secretary Rajiv Kumar will shortly hold a meeting with banks, power companies, Reserve Bank of India (RBI) and the power ministry to discuss ways to address issues facing stressed power plants, as directed by the Allahabad High Court, railways and coal minister Piyush Goyal said on Monday.
Goyal, who is also holding interim charge of the finance ministry, said he had met power minister RK Singh in the morning to discuss the matter in the backdrop of the high court order.
The court had, in a ruling on May 31, directed the finance ministry to hold a meeting of other stakeholders in June to find out whether the issues of stressed power projects facing insolvency proceedings could be resolved.
Goyal said that preliminary discussions were held and that the banking secretary would convene aformal meeting shortly. The meeting will include a representation from the Association of Power Producers and the RBI. Read More