A high level panel for power sector is considering payment security mechanism for private sector power generators, which has been the main cause of stress in the sector, an official said.
The committee’s meeting was held on August 31, where detailed deliberations were done on ensuring payment for power supplied by private sector firms, Power Finance CorporationNSE 1.42 % Chairman and MD Rajeev Sharma told reporter addressing a press conference. He also confirmed that the next meeting of the committee headed by the Cabinet Secretary is scheduled on Friday.
Elaborating further, he said that payments for supplied power to private sector generators has been an issue, which is one of the main reason for their stress as they are not paid for more than six months in some cases. Read More