Government bets on power sector to meet divestment target

Government bets on power sector to meet divestment target

With a strategic sale of public sector companies such as Air India (AI), Hindustan Copper and Mecon off the table until next summer’s general elections, the government is eyeing state-run players in the power sector to replicate the ONGC-HPCL model to buy out its stake and also contribute to the “disinvestment” kitty.

Financial distress in India’s thermal power sector

Financial distress in India’s thermal power sector

The thermal power sector accounts for $40-60 billion of potentially stranded assets that are continuing to trouble the Indian banking sector. Fifteen GW out of the stressed 40 GW has not yet been commissioned, as identified in the report of the Standing Parliamentary Committee on Energy earlier this year.

Power sector is seeing a revival in demand: NTPC

Power sector is seeing a revival in demand: NTPC

India’s power sector, guilty in the past of adding significantly to the pile of bad loans, is seeing a revival in demand with growth in power consumption every month, the chairman of the country’s biggest power producer said Wednesday.

Power sector NPAs may be resolved soon

Power sector NPAs may be resolved soon

Lenders have taken a significant step in resolving debts of about a dozen distressed power companies, with at least four to be taken to bankruptcy court and the rest to be put up for sale, said two people with knowledge of the matter.

OPINION: The power sector solution that is not

OPINION: The power sector solution that is not

Lenders have identified 11 power projects with a combined installed capacity of nearly 13,000 MW that have turned into non-performing assets for a special resolution scheme called Samadhan, under which debt would be converted into equity and majority ownership auctioned off to investors.

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