Govt Reviews Status of 34 Stressed Power Projects: Reports

Posted By: Religare
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    The Indian Government has said that it has reviewed status of 34 stressed thermal power projects with an estimated debt of about Rs 1.77 lakh crore.

    Govt Reviews Status of 34 Stressed Power Projects: Reports

    Commenting on the issue, Power Minister Piyush Goyal told the media, "The government has reviewed the status of 34 stressed thermal power projects, as per the list provided by Department of Financial Services (DFS), with an estimated debt of about Rs 1.77 lakh crore."

    "As per DFS data, the total advances towards the electricity generation sector as reported by scheduled commercial banks (SCBs) is about Rs 4.71 lakh crore and most of them are standard assets. Neyveli Lignite Corporation of India Ltd (NLC) has identified Ragunathpur Thermal Power Station Phase-I, a stressed asset of Damodar Valley Corporation (DVC), for acquisition," he added.

    As per reports, the key reasons for the power sector stress includes non-availability of regular fuel supply arrangements and lack of power purchase agreement tie-ups, among others.

    Read more about: government status projects
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