The Power Ministry Friday gave a detailed presentation to a high-level empowered committee on measures to deal with problems of struggling power assets, a source said.
“The power ministry today gave a detailed presentation in the second meeting of the High Level Empowered Committee to address the issues of stressed thermal power plants,” the source said.
Some of the suggestions from bankers, financial institution and senior officials include bring out a payment security mechanism for private power generators, new power purchase agreement with add on incentives like coal linkage and strict instruction to states for timely payment by discoms.
The first meeting of the panel was held on August 31, 2018. The panel was constituted by the government, with representatives from the Ministry of Railways, Ministry of Finance, Ministry of Power, Ministry of Coal and the lenders having major exposure to the power sector on its board on July 29, 2018, to resolve the stress and revive such assets. Read more
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