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.
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.
With India’s power sector expected to account for 98 per cent of additional water withdrawals and 95 per cent of additional consumption between 2010 and 2035
The Allahabad High Court has adjourned the hearing on RBI circular till August 9 giving the banking regulator time to make its submissions.
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.
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.
The rapid rise of renewable energy is exposing the shortcomings in India’s current power transmission infrastructure.
As they increasingly produce and distribute this new kind of power, government agencies and companies—and their infrastructure—are grappling with the technical difficulties this transition ensues.
Moody’s today projected a stable outlook for power sector while its Indian affiliate ICRA said that reforms for the distribution sector under UDAY schemehave seen mixed results.
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.
Coal ministry allays fear, says aim is to increase coal off-take …