Roadmap has been laid down to resolve stressed assets in power sector: Piyush Goyal
Power Minister Piyush Goyal on Wednesday chaired a marathon meeting of PSU chiefs to take stock of the stressed assets in the power sector.
The agenda was to see how these stressed assets can be resolved at the earliest, Goyal said in a press conference after the meeting. A roadmap to address these non-performing assets (NPAs) has been agreed upon in the meeting, he added.
The focus is also on finding solutions to make stressed assets into national assets.
The banks need assistance to complete projects that they have taken over. Public sector unit NTPC has offered to help the banks deal with the stressed projects.
Power is one of the sectors responsible for large part of NPAs plaguing the banking sector. The states’ financial position has become a problem on account of discom debts that they had to take on post the UDAY scheme.