Central government constitutes GoM to resolve stressed assets issue

The central government has constituted a group of ministers (GoM) headed by the finance minister to evaluate the recommendations of the high-level empowered committee on stressed power projects. The GoM will forward its comments for consideration to the cabinet. The high-level committee had suggested setting up a mechanism to allow public financial institutions to discount receivables from distribution companies and make upfront payments to generating companies.

GET ACCESS TO OUR ARTICLES

Enter your email address

Share your work e-mail and access a free 3 month digital subscription to Power Line Magazine