Power producers seek relief for stranded gas-based projects

Want relaxation in NPA, provisioning rules as well

With around 7.5 Gw of gas-based generation capacity being stranded, of which those with a combined capacity of around 3.5 Gw face a supply shortage, private power producers have asked the government for a revival package.

In a presentation, Association of Power Producers (APP) has said these plants have a combined debt of around Rs 48,000 crore which have either been declared as non-performing assets (NPAs) or are undergoing Statutory Debt Restructuring (SDR). It says loans to infrastructure projects that are stranded for reasons beyond the control of developers (and lenders) should not be classified as NPAs, with the provisioning