Implementation of measures key to power sector revival: Icra

Steep hikes in tariff effected in many states in recent past and Centre’s debt restructuring of debt-laden SEBs notwithstanding, an Icra report has said that the proof of these measures lies in actual implementation.

Noting that the formation of the Cabinet Committee on Investments (CCI) is a big positive for the power sector as many large power projects are still on paper for want of green clearances and lack of land availability, Icra analysts Sabyasachi Majumdar and Girishkumar Kadam said the CCI should be able to clear greenfield projects in a timely manner.

“However, its (CCI’s) actual efficacy remains to be seen,” they said.

On rescheduling of the validity scheme to March 31 from December 31 last, the report says there could be further delays in submission of the financial restructuring proposal by discoms, due to challenges in seeking the consent from states.

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