NTPC Will Not Acquire But Can Run Stressed Power Plants If Asked To Do So By Lenders: Piyush Goyal

NTPC Will Not Acquire But Can Run Stressed Power Plants If Asked To Do So By Lenders: Piyush Goyal

Team EnergyInfraPost

Union power minister Piyush Goyal has clarified that state-owned NTPC will not acquire any stressed assets but it can run a power plant if asked to do so by banks.

“NTPC is not taking over any stressed assets. If the banks take over any stressed assets and they run a due process, everybody will be free to participate in that, including the PSU (public sector undertaking) companies,” Goyal told reporters at an event in New Delhi.

Responding to a question on NTPC operating stressed assets taken over by banks, the minister said: “That’s a suport they provide to anybody in the public or private sector. If anybody wants to approach NTPC and is willing to pay NTPC, it’s a service that they provide and anybody can avail it. It’s a revenue model for NTPC.”

e also said the world is moving towards electric vehicles and the government is working on a road map to take India towards all electric cars.

“Only electric car by 2030…existing cars may take a little longer to replace. But the government is working on a framework to see what we can do on promoting electric vehicle. Niti Aayog is currently tasked with preparing futuristic vision for electric vehicles,” Goyal said.

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