De-stressing power and banking sectors advances with international divestment of RattanIndia’s Amravati coal plant

Despite a number of years in the making, the issues leading to India’s thermal power assets becoming white elephants remain largely unresolved and problematic.

Non-payment in India’s thermal power generation sector — plagued by a staggering $40 billion to $60 billion (bn) of non-performing or stranded power generation assets — continues to seriously undermine the banking sector, particularly with the growing number of financially stressed and underutilised power plants.

In recent months, however, there has been some progress in addressing the growing problem of stranded assets. Read More

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