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Web Exclusive | August 2013

Power sector debts stand at Rs 9,72,900 cr in 3-yrs

The total outstanding loans from banks/financial institutions (including bonds) for all the utilities in the power sector during the years 2009-10 to 2011-12 stands at Rs Rs 9,72,900 crore. As per a report by the Power Finance Corporation (PFC), during 2009-10, the debt is Rs 2,63,236, during 2010-11 the debt is Rs 3,28,534 and in 2011-12 year the debt is Rs 3,81,134.

In order to achieve the planned growth target and to sustain the growth momentum, the Indian Power Sector needs considerably large investments, said the Union Minister of State for Power Jyotiraditya M Scindia in the Lok Sabha.

The 12th Five Year Plan has projected investment requirement for Power Sector (excluding Renewable Energy) is Rs.15,01,666 crore, out of which Rs 7,13,827 crore has been envisaged from the private sector, the Minister added.

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