India’s power sector, the private players in particular, are stressed from lingering debt and the unavailability of coal to expand capacity.
That’s according to Bharat Rohra, the chief executive officer of Jindal Steel & Power Ltd.’s power business. “The government has come out with very ambitious programmes,” he said. “However, the state generating companies aren’t geared up to purchase power from (private) companies because of the realisation of the power bills they have to pay for.”
“The discoms, rather than buying power, are resorting to power cuts despite power being available in the market.”
The industry is also witnessing a shortage of coal. JSPL currently imports 3.5 lakh tonnes of coal—around half its requirements. Despite that, the company is only employing 1,300-1,400 MW from its 3,400 MW capacity, he said. Read More
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