Credit risk is one of the major bottlenecks in power finance because the government has made it clear that it will not offer counter-guarantees to independent power projects other than the eight fast-track projects it has promised to back.

We are closely examining several options for co-financing projects and offering guarantees. KfW has asked us if we accept the principal of sharing the credit risk. We have initiated talks with some institutions and some others have approached us on the subject, PFC

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First Published: Sep 25 1996 | 12:00 AM IST

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