[ad_1]
Affirming that stressed thermal badets are a source of concern for the country, the government has decided today to set up a high-level panel under the Cabinet Secretary's mandate to solve problems and revive these badets. . The panel will also have representatives of the ministries of railways, finance, electricity, coal and lenders with a strong exposure to the electricity sector.
"In order to resolve the stress and reinvigorate these badets, the government decided to" The Committee will consider the various issues with a view to resolving them and maximize the effectiveness of the investment ", including the changes that need to be made, said the Ministry of Energy in a statement
in the fuel allocation policy, regulatory framework, facilitation mechanisms for the sale of electricity. .. Changes required in the Provisioning Standards / Insolvency and Bankruptcy Code (IBC), Regulations on Asset Restructuring and any other proposed measures for the revival of stressed badets in order to avoid that such investments do not become non-productive badets (NPAs) ", said the Minister of Energy, RK Singh, about setting up imilar to have the bank group led by the SBI come out to take in harbad the unbearable debt of stressed power plants to avoid liquidation.
The REC, which is under the administrative control of the Ministry of Power, has developed a recovery plan Under SAMADHAN (Asset Management and Debt Change Management System, or Samadhan), the bankers' consortium has retained 11 power plants with a total capacity of more than 12 GW, which are either full completion or almost. This scheme is an effort to avoid the liquidation of these plants to throw considerations.
[ad_2]
Source link
