Govt should reconsider its stand on power sector defaults
NTPC-DVC combine has been given approval to supply power to the neighbouring country
The government stand in the court came despite RBI representatives repeatedly turning down the request in their meetings with the Department of Financial Services and the Ministry of Power
The banks are required to ensure resolution plans within 180 days after default
The most intractable bad loans, the ones the bad bank is meant to deal with, are concentrated in one sector: power
Power ministry panel had listed 34 coal-fired plants as stressed assets
Centre will also discuss with the states the status of coal supply and stock and flexibility
Power companies' plea for differential treatment doesn't have merit
The Centre is likely to push for debt restructuring and reform schemes to resolve issues plaguing private power producers
On May 23, India recorded a cumulative power demand of 170,121 Mw, which is around 8 per cent higher than the same month last year
The project will be developed in a non-solar park model, where bidders are given a free hand to choose their land
Implementation of resolution plan within timeframe appears difficult
Power generation assets which are stressed are unable to find buyers due to several regulatory hiccups involved
Current developments indicate that India's power story will chart a unique course for itself
Industry says dormant demand and fluctuating prices should bring focus back to long-term purchase
Govt has set a target of carrying out rural electrification by the end of this December
They are stable and power plants as well as consumers stand to gain from them
CAG calls for monitoring of loan disbursal & restriction on cost overrun
E-bidding portal for states to procure power also launched
Lenders fear the next wave of non-performing assets will come from the power sector