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The Stress Marks!
India's power sector is in a catch-22 situation. A sound analysis of the power sector affirms that the sector is in the ICU where 78,000 MW of projects are under stress; and approximately Rs 1,200 billion worth unviable projects and PPAs are signed for a mere 7,000 MW.
Power Sector, Discoms, PPA, RBI, NCLT, NBFC, Transmission, IEX, Amish Shah, DSP Merrill Lynch, GVK Goindwal Saheb, Jaypee Bara, PPA, SHAKTI, CAGR
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Banks, FIs provide over Rs.78,000 cr for clean energy projects
Banks and financial institutions (Fis) have sanctioned about Rs.78,830 crore funding for clean energy projects, of which Rs.33,482.83 crore has been released till March end this year, Minister of New and Renewable Energy Piyush Goyal informed the Parliament.
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The Cash Crunch
Public sector banks in India are staring at humongous piles of bad debts, delinquent loans are rising unabated. Ballooning bad debts have caused 10 Indian state-owned banks to report losses of a whopping Rs.153 billion for the March, 2016 quarter. India Ratings, a Fitch associate, estimates that 21 per cent of the total bank credit is stressed.
Public Sector Banks, NPA, RBI, Discoms, PLF, Power, PPA, Power Finance, PSB, IPP, PPP, Renewable Energy, Hydropower, Waste To Energy, OEM
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