Stressed assets to be made national assets

Banks need assistance to complete projects that they have taken over

Data from Uday website show reduction of 4.03 percentage points in aggregate technical and commercial losses in three months as on December 31, 2016. This suggests government may have already achieved its 2018-19 target of reducing losses to 15%
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Data from Uday website show reduction of 4.03 percentage points in aggregate technical and commercial losses in three months as on December 31, 2016. This suggests government may have already achieved its 2018-19 target of reducing losses to 15%

Shreya Jai New Delhi
In a concentrated effort to bail out beleaguered thermal power projects, the Centre is designing a new plan along with banks and the state-owned NTPC. For stressed power-generating assets which a bank agrees to take over, NTPC has offered to operate them, Power Minister Piyush Goyal told reporters after a daylong meeting with leading bankers.

Banks need assistance to complete projects that they have taken over, the minister of state for coal, power, mines, new & renewable energy said, adding, “We are focused on finding solutions to make stressed assets into national assets.”

While the government has tried to assist

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First Published: Jun 08 2017 | 12:06 AM IST

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