NTPC will not purchase any stressed assets: Piyush Goyal

NTPC will not purchase any stressed assets: Piyush Goyal

State-run power generator NTPC will not acquire stressed assets, but is open to operating projects owned by others as a business proposition, Power Minister Piyush Goyal said on Tuesday.

“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 here at an event on the Goods and Services Tax (GST) organised by the FICCI Ladies Organisation (FLO).

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 any body 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 m’del for NTPC.”

In this connection, he said that the government’s recent announcement on stake divestment in PSUs through the Bharat 22 exchange traded fund (ETF) is a “win-win” proposition for the generating giant.

“Shareholding of government in NTPC has been moved to exchange-traded fund Bharat-22. It is a wonderful move. It will help the government garner resources while keeping the public sector character of company intact. It is a win-win situation.”

He 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. Read more


Credit By:- ET Energy World

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