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Economy

Power sector is still waiting for a workable solution to its troubles

Updated : August 10, 2018 07:18 AM IST

A review of the report by a panel of MPs on the impact of RBI’s revised framework for resolution of stressed assets on NPAs in the electricity sector suggests that it is time to panic.
The report states that nearly 60,000 MW to 65,000 MW of coal based thermal power capacity is under financial stress.
The report is a step in the right direction as far as diagnosing the problem is concerned, but it stops short of providing solutions.
Power sector is still waiting for a workable solution to its troubles
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