Power Minister Meets Banks On Stressed Power Assets



As part of the ongoing process to deal with the issue of massive stressed assets in the sector, Power Minister RK Singh met bankers here on Wednesday.  Interacting with reporters here on the sidelines of a roundtable on hydro power organised by industry chamber Assocham, Singh also said that state-run genrator NTPC has floated a tender to acquire commissioned stressed coal-fired thermal power plants. “Today (Wednesday) I had a meeting with bankers to review the status of stressed power projects,” Singh said. Following a similar meeting with lenders earlier this month, he had said that the focus was on starting the stranded assets which could be revived.  Regarding the tender floated by NTPC to rescue stranded projects, the minister said that it is targeted at “promoters who have run into some financial problem”.


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