Thu, Mar 28, 2019
Power companies have argued that the circular would push even those power assets that were close to achieving loan restructuring in to insolvency. In their arguments while challenging the circular.
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Mon, Oct 15, 2018
Power producers have asked the government to rope in Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) to provide funds for implementing emission control systems (ECS) in thermal power plants.
Sun, Mar 18, 2018
New NPA rules: The Association of Power Producers has sought a special dispensation from the Reserve Bank saying their defaults are caused mostly by non-payment/delayed payments by state discoms and regulatory delays coupled with poor coal supplies by Coal India. The association claims that regulatory delays have resulted in pending payments worth Rs 7,800 crore, while pending receivables from state discoms stand at Rs 8,300 crore. Also state-run Coal India is meeting only around 60 per cent of its committed supplies
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