In a recent initiative to accelerate the turnaround of stressed power assets, the Ministry of Power (MoP) has issued an advisory to state gencos and power departments, urging them to participate in the ongoing insolvency […]
In a key recent development in the stressed asset space, mining major Vedanta Limited has acquired Athena Chhattisgarh Power Limited for Rs 5.65 billion to meet its captive power requirements. Athena Chhattisgarh Power currently has […]
India’s reliance on coal as the dominant source of power generation continues, with it accounting for about 75 per cent of the total generation in 2017-18. However, the segment faces multiple challenges. Slow capacity addition, […]
After a long lull, there is some visibility on the power purchase agreement (PPA) front for power gencos. In October this year, the first round of PPAs were signed under the government’s medium-term power procurement […]
In a significant development, the Reserve Bank of India (RBI) has rejected the Ministry of Power’s (MoP) plea, seeking a reprieve for the power sector from the RBI guidelines issued in February this year. At […]
The Reserve Bank of India’s (RBI) February 2018 circular, Resolution of Stressed Assets – Revised Framework, is expected to push the gross non-performing assets (NPAs) of banks to the north of Rs 9 trillion. The […]
The power sector has been one of the major contributors to the country’s total stressed assets. Muted power demand from distribution companies and the resulting lack of new power purchase agreements (PPAs) have added […]
In a move to revive stranded generation capacity, the government is planning to modify the power purchase norms, whereby the fixed costs will be waived for discoms that enter into power purchase agreements (PPAs) with […]
The power sector accounts for a major share of the country’s stressed infrastructure assets. According to the latest data (as of July 2017) from the Department of Financial Services (DFS), Ministry of Finance, around 34 […]
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