Scheme to revive stalled power project soon: Piyush Goyal

Scheme to revive stalled power project soon: Piyush Goyal

The Centre will soon come out with a scheme to revive various stalled power plants in the country, Union Minister Piyush Goyal said today. The broad policies to make stranded projects viable was decided in a meeting between the Ministry of Power and lenders earlier this week. “We have had a discussion with lenders. We have broadly worked out the contours of a scheme under which we will be able to complete all the stalled projects which are half way through,” Goyal, who is minister of state for power, coal, new and renewable energy (independent charge) told reporters on the sidelines of an energy summit organised here today. Goyal said the country is facing a situation of many projects having being initiated despite the fact that the demand growth at a particular trajectory did not warrant that. Read more

Credits:financialexpress.com

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