India : Government moves ahead to resurrect stalled power projects

NEW DELHI: Signalling the intent of the government, Power Minister Piyush Goyal on Monday said the ministry is doing its job to revive stalled and stressed thermal and hydro power projects.

"We are close to resolution of stressed thermal powerprojects soon where developers are not wilful defaulters," Goyal told reporters here while speaking about three years of the government's performance.

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 megawatts by dispensing Rs 16,709 crore till 2024-25.

 

Source : http://timesofindia.indiatimes.com/business/india-business/government-moves-ahead-to-resurrect-stalled-power-projects/articleshow/59106733.cms

SMART GRID Bulletin October 2017


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