The finance ministry had called upon a meeting with various bankers to assess the impact of bank exposure due to delay in implementing power projects of the private sector.
About 1 lakh megawatt capacity of the private sector is under stress and these entail investment of about Rs 8 lakh crore and banks have an exposure of about Rs 5 lakh crore.
Also read: BHEL commissions 600 MW thermal unit in MP
The banking secretary has said that he will be putting up a small group committee which will come back with a presentation by November 7.
Meanwhile, Power Minister Piyush Goyal has assured that due to the election code of conduct, the government is unable to say anything on fuel constraints and upcoming coal block auctions. It further said that it is aware of the matter and is preparing a plan how post de-allocation companies will be given blocks as per auction and how fuel constraints have to be figured out.
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