Group captive power plants may have to rejig equity structure

Group captive power plants may have to rejig equity structure

Captive power plants held by a group of consumers may be forced to undergo major restructuring as the government proposes to ask them to correct their equity and shareholding structure.

The power ministry is likely to issue stringent guidelines for such plants in a month and has temporarily suspended conversion of independent power plants to group captive power projects, a senior official in the power ministry said.

Credit- The Economic Times

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