Tagged: ICRA

Credit ratings for Discoms from April 1

Electricity distribution companies (Discoms) would get their credit ratings from April 1, said Jyotiraditya M. Scindia, Minister of State for Power (Independent Charge). The Power Minister today met banks and financial institutions to discuss...

Pvt power cos to add 60% capacity in 12th Plan: ICRA

Power companies from the private sector are expected to contribute over 60% of the total power generation capacity addition targeted for the 12th Five Year Plan, rating agency ICRA said. “The sector is expected...

Good news for green energy

The renewable energy sector has good reasons to rejoice over the approval of financial restructuring of electricity distribution companies by the Cabinet Committee for Economic Affairs, and not just because the utilities will soon...

Discom debt recast: Banks may take Rs 4,500 cr NPV hit

The banking sector may have to pay a price after the government cleared the debt restructuring of state power distribution companies (discoms). However, banks’ exposure to discoms would reduce to half, thereby reducing overall...