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Debt worth Rs 30,000 crore for wind power projects faces risk

The problem predominantly pertains to four key states - Madhya Pradesh, Maharashtra, Rajasthan and Andhra Pradesh

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Wind power projects, constituting nearly three-fourths of the total private renewable (wind and solar) capacity of these four states, have borne a larger share of the payment delays. | Photo: Reuters

Abhijit Lele Mumbai
Debt worth Rs 30,000 crore for wind power projects may face stress due to payment risks from power distribution companies (discoms).

The problem predominantly pertains to four key states – Madhya Pradesh, Maharashtra, Rajasthan and Andhra Pradesh.

The dues run into over Rs 5,400 crore for 156 renewable energy projects as of January 2021, according to CRISIL.

Wind power projects, constituting nearly three-fourths of the total private renewable (wind and solar) capacity of these four states, have borne a larger share of the payment delays.
 
The reason being, bulk of these are old projects, with high tariffs of over Rs 4.5 per unit,