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Moody's ups India's power sector outlook from negative to stable

In India, renewable generation could act as a complementary source of power rather than a competitor to thermal

IANS  |  New Delhi 

Ratings agency Moody's on Thursday upgraded the outlook for the Indian power sector to stable from negative on the back of a jump in domestic coal production and likely improvement in the financial health of state distribution companies (discoms) by joining the Union government's UDAY debt restructuring scheme. "We have changed the outlook for the Indian power sector to stable from negative, because the increased domestic production of coal will ease constraints on fuel supply," Moody's Investor Service said in its report titled 'Power Sector - Asia ...

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Moody's ups India's power sector outlook from negative to stable

In India, renewable generation could act as a complementary source of power rather than a competitor to thermal

In India, renewable generation could act as a complementary source of power rather than a competitor to thermal Ratings agency Moody's on Thursday upgraded the outlook for the Indian power sector to stable from negative on the back of a jump in domestic coal production and likely improvement in the financial health of state distribution companies (discoms) by joining the Union government's UDAY debt restructuring scheme. "We have changed the outlook for the Indian power sector to stable from negative, because the increased domestic production of coal will ease constraints on fuel supply," Moody's Investor Service said in its report titled 'Power Sector - Asia ... image
Business Standard
177 22

Moody's ups India's power sector outlook from negative to stable

In India, renewable generation could act as a complementary source of power rather than a competitor to thermal

Ratings agency Moody's on Thursday upgraded the outlook for the Indian power sector to stable from negative on the back of a jump in domestic coal production and likely improvement in the financial health of state distribution companies (discoms) by joining the Union government's UDAY debt restructuring scheme. "We have changed the outlook for the Indian power sector to stable from negative, because the increased domestic production of coal will ease constraints on fuel supply," Moody's Investor Service said in its report titled 'Power Sector - Asia ...

image
Business Standard
177 22