Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
August 23, Wednesday 2017 5:34 PM       

       HEADLINES: Kanthapuram says Triple Talaq ia part of religious freedom                                              CPM welcomes SC order on triple talaq: M A Baby                                              Union election in Maharajas: Mridula, girls' team win                                              Having denied leave, cop attempts suicide                                              Again, custodial death in Kerala                                              Kaifiyat Express derails in UP, 50 injured                                              Lt. Col. Purohit released from Taloja jail after nine years                                              Suresh Prabhu Offers to resign as Railway minister                                              Trump pulls up Pak for providing safe havens to terrorists                                              US-led strikes kill 42 civilians in Syria's Raqqa                                              Afghan to become ‘graveyard’ for US: Taliban                                              Here are the winners of 2017 Khel Ratna, Arjuna and Dronocharya awards                                              Vani set to extend winning run on Hero Women's Pro Tour                                              Kaumudi Facebook
       BUSINESS Next Article: Inflation at record low of 2.18%; factory output slows to 3.1%  
       Govt close to resolution on stressed power projects: Goyal
 
         Posted on :07:42:00 Jun 13, 2017
   
A A
       Last edited on:07:42:00 Jun 13, 2017
         Tags: Govt close to resolution on stressed power pr
 
New Delhi: The government is "very close" to firming up a resolution mechanism for stressed and stalled thermal as well as hydro power projects, Power Minister Piyush Goyal said today.
 
According to industry estimates, there are stressed and stalled hydro and thermal power project of over 35,000 MW including 11,639 MW hydro electric plants. Experts put the value at over Rs 1.6 lakh crore.
 
"We have had very extensive engagements with all the stakeholders particularly bankers and financial institutions like REC and PFC...states and other government departments", Goyal told reporters here while speaking about the government performance in the last three years.
 
"We have come very close to resolution mechanism for at least those stressed power plants where the promoters are not found to be wilful defaulters or where do not find significant irregularities," he said.
 
Bankers are taking pro-active measures to take over such plants which have defaulted and the power ministry is working with the lenders to find a win-win solution, he said, adding that the final beneficiary of this would be consumer.
 
"We would love to resolve stress in the stalled hydro power project also. Going forward, we have asked state governments that if they take over the stressed power plants or the bankers take over the plants then we can look into finding solutions to resolve hydro projects, also keeping in mind the economic viability of these projects," he said.
 
The power ministry, which is also working on reviving stalled hydro projects, already had extensive discussions with bankers and stakeholders.
 
According to sources, the ministry has firmed up a policy for stalled hydro projects to revive 11,639 mw by dispensing Rs 16,709 crore till 2024-25.
 
A A
       BUSINESS
Next Article: Inflation at record low of 2.18%; factory output slows to 3.1%
 
 
BUSINESS HEADLINES
Sensex back in green, Infosys closes up too  
PSU bank employees go on strike; services hit  
Johnson & Johnson ordered to pay Rs. 2600 cr in lawsuit linking baby powder to cancer  
PSU bank strike on Tuesday may affect services  
Markets extend losses, Infosys pulls down Sensex  
BOI considering reduction in SB rate  
Sensex slips into red, down 29 pts in late morning deals  
Banks stare at union strike on Tuesday, services may be hit  
NABARD sanctions Rs 1,350-cr loan to Rajasthan govt  
Murthy's shadow to loom large over search for Infy CEO  
Post note ban, separatists, Reds feel "fund-starved": Jaitley  
US law firms initiate investigation against Infosys  
Infosys board approves up to Rs. 13,000 cr buyback offer  
RBI to issue new fluorescent blue Rs 50 notes  
PM to launch Rs 15k-cr road projects in Rajasthan  
Sikka quits Infosys after Murthy campaign  
Nifty snaps 3-day winning spree, down 67 pts  
Maruti rolls out sporty 'Ciaz S' at Rs 9.39 lakh  
RBI still has room to slash rate in current fiscal: Kidwai  
Our full sympathy with agitating Noida home buyers: FM  
Videocon names Rajesh Rathi as business head  
Sensex surges 235 pts as geo-political tensions ease  
Sensex jumps 191 points, ignores weak IIP data  
Trai website to soon display telcos' tariff plans: Sharma  
NPA resolution to spur credit expansion, growth: Panagariya  
 
Do you support SC verdict on Triple Talaq?
Yes
 
No
 
Don't know
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy