Financial package for power sector likely: Jairam

Union minister of state for Power Jairam Ramesh indicated, central government is likely to come up with financial package for private players in the power sector to help them to achieve the financial closure.
 
He was speaking on the sidelines of synchronisation of the Tata Power's Unit No. 8 at its Trombay facility.  He further said,  in the 11th five year plan out of the target of 79,000 MW of capacity addition around 20 per cent is expected from the private sector.  And it seems all the projects in the private sector are on their course and none of them is halted due to financial crunch.
 
However government foresee,  drying up of financial resources for power producers in the 12th plan due to constrains like cap on sartorial exposure or exposure to particular group for the financial institute.   This can be relaxed in the case of power sector.
 
There are other measures also which government proposes to take but everything is currently at the discussion stage, he added.
 
Answering to question he said,  he is confident of achieving near success and add around 70,000 MW of generation capacity in 11th financial sector as over 18,000 MW has already been added in the first two years of current five year plan.  
And orders for equipments which can add the capacity of 72,000 have been already placed and this indicates, we will be near of achieving target, he pointed out.