Panel formed to solve the issue of NPAs in power sector

01 Jan 2018 CW Staff

According to a source in the Ministry of Power, the government recently set up a high-profile panel, chaired by Amitabh Kant, CEO, NITI Aayog, to cater to the issue of stressed assets in the power sector. As per the Economic Survey 2016-17 released in August, non-performing assets (NPAs) in the area of power generation share 5.9 per cent of the overall outstanding advances of Rs 4.73 trillion in the banking sector. A source from NITI Aayog, on condition of anonymity, shared with CW, 'The projects were initially identified by the financial services. The government has reviewed 34 coal-fuelled projects, resulting in an estimated debt of Rs 1.77 trillion. This will also avoid a further debt of Rs 80,000 crore that could result from the NPAs.' Speaking about the cause of the delay, the source pointed out to issues such as demonetisation, GST, lack of funds, lack of coal supply and the absence of fuel security. The panel is also expected to bring in a channelised method for power projects that will provide relief for the banks affected owing to bad loans. The panel, comprising secretaries from the ministries of power and coal and the department of financial services, will also keep a tab on wilful defaulters and take necessary action. Because of weak financial health, only a mere 1.64 gw of projects were tied up through power-purchase agreements. The panel is looking at long-term loans and PPAs to solve the issue of the 60 gw of stressed assets across fuel sources. 'We are looking at ways to find solutions,' says Kant. When asked about the issues the sector is facing, he refrained from further comment.

Real Estate

05 May 2026

Tamil Nadu Growth Boosts Real Estate Confidence

CREDAI Tamil Nadu has highlighted that Tamil Nadu’s sustained double-digit economic growth is strengthening confidence across housing, infrastructure and investment segments.The State recorded real economic growth of 10.83 per cent in FY26, following 11.19 per cent in FY25, significantly above the national estimate of 7.4 per cent. Tamil Nadu’s GSDP rose from Rs 31.19 trillion to Rs 35.29 trillion during the period, with per capita income reaching Rs 408,000.According to CREDAI Tamil Nadu, the continued growth momentum reflects broad-based confidence across industries, investors, homebuyer..

TEXMiN Joins NITI Aayog Mining Policy Dialogue

TEXMiN IIT (ISM) Dhanbad participated in a high-level policy dialogue hosted by NITI Aayog on the future of India’s mining and critical minerals sector.The discussion brought together senior policymakers, including Vijay Kumar Saraswat and Suman K Bery, along with select deep-tech startups such as DeepMatrix and Bidaal. The dialogue focused on advancing Mining 4.0, strengthening critical mineral security, and enabling a technology-driven mining ecosystem.TEXMiN highlighted the sector’s transition towards data-driven and autonomous operations, emphasising the need to integrate technologies ..

Humanscale Hyderabad Showroom Expands India Presence

Humanscale has opened a 2,300 sq ft showroom and ergonomic experience centre in Hyderabad, strengthening its design footprint in India and expanding its presence in key urban markets.Located in Banjara Hills, the centre showcases a range of ergonomic workplace solutions including task chairs, height-adjustable desks, monitor arms and integrated workstation systems. The facility is an experiential space where architects, designers, and corporate clients can engage with workplace solutions in real-world settings.The centre has been established through Humanscale’s India manufacturing and distr..