The biggest rescue package being stitched together for distressed power plants could see lenders take over three imported coal-fired generation stations of the Tata, Adani and Essar groups, involving an estimated investment of over Rs 40,000 crore, and transfer 100% equity for Re 1 to consumers states, including Gujarat where these plants are located.
But the transfer of ownership of these plants, aggregating a capacity of 9,820 MW, will not get the promoters off the hook as far as bank loans are concerned. At a meeting of stakeholders, called by the power ministry on June 20, lenders insisted that the corporate guarantees given by the promoters will continue even after the change in ownership. Read More…
Credit By : ET Energy World
Latest posts by ET Energy World (see all)
- Daimler To Invest $755 Million In China For Electric Car, Battery Production – Executive – November 17, 2017
- FM Jaitley Says Power, Oil Companies To Remain Publicly Owned – November 16, 2017
- Opinion: Burning More Coal To Cut Pollution – India’s Distressing Dilemma – November 16, 2017