Government formulating fresh scheme to revive stressed power assets

The government is formulating a novel scheme to revive stressed power assets by inviting competitive bids from them to supply electricity for five years – a move that will give state utilities cheaper electricity and help stranded plants start operation and start repaying debt.

The proposal is the government’s biggest plan to help 34 stressed plants with a capacity of 40,000 megawatts. Former power minister Piyush Goyal had told Parliament that the combined debt of the projects is R ..

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