Stressed power assets: Is there any clear and ultimate 'Samadhan'?

Replying to the Union power ministry’s request for extension to stressed power projects, the Reserve Bank of India (RBI) has said that no such extension would change the fundamental issues facing the power sector. “No special dispensation could resolve the underlying problems for the sector,” it has said. With the August 2018 deadline for 30,000 Mw of stressed power assets to seek a resolution nearing, and another 50,000 Mw staring at a debt crisis, the RBI statement holds a cruel mirror up to them. In February this year, the central bank had mandated banks to classify .....

Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.

Most Read

Top Stories

Markets

Companies

Opinion

Latest News

Todays Paper

News you can use

Outbrain