Plan A was to get government power and power finance firms, like NTPC Ltd., Power Finance Corporation Ltd. and Rural Electrification Corp., to rescue stressed power projects.
The Reserve Bank of India is not in favour of giving any special forbearance for stressed power projects, Power Secretary Ajay Kumar Bhalla said. The regulator rarely makes allowances for specific sectors and that priniciple will extend to the power sector as well, Bhalla told BloombergQuint in an interview.
India will set up a $350 million fund to finance solar projects, Power Minister R.K. Singh said, as the country steps up efforts to achieve its ambitious target of adding 175 gigawatts (GW) in renewable energy by 2022.
All Is Not Lost In Stressed Power Projects, Railways, PPAs, Electric Vehicles To Be Growth Drivers: ASSOCHAM Study
“Stressed assets remain a key concern for power sector in India. Out of the 24 stressed projects having capacity of 41.81 GW, 8,300 MWs are without any power purchase agreements (PPA), 9500 MW capacity are having partial PPAs.
Pakistan is to immediately address the timely payment of electricity charges in power projects under $50 billion China-Pakistan Economic Corridor (CPEC). The decision was taken in the recently held 7th joint cooperation committee (JCC) meeting, the Dawn reported.
The Jammu and Kashmir government on Saturday reiterated its demand over the return of the power projects from the power giant NHPC, stating that it is rigorously pursuing the matter with the Government of India.
Despite the steady growth in coal-based electricity generation, the fortunes of the producers haven’t seen a noticeable improvement.
As part of its effort to address the problem of stressed assets in the power sector, the government will investigate whether private developers ‘gold-plated’ project costs to increase the debt component, thereby reducing their equity contribution, said power minister Raj Kumar Singh in his first interview after assuming charge.
The value of projects awarded to build roads, railways, mining infrastructure, irrigation systems, water supply systems and power transmission lines fell 20.5% year-on-year to Rs 1.38 lakh crore in April-October 2017.
learly contradicting the PDP-BJP government’s ‘agenda of alliance’, the government of India on Tuesday ruled out return of power projects to Jammu and Kashmir