Ashok Khurana, Director-General, Association of Power Producers says the power sector needs an immediate solution amidst the collapsing demand since past three years.
Adani had sought to raise arguments of "force majeure" and "change in law" with respect to change in Indonesian coal laws, saying it had affected its cost of coal
Ashok Khurana, DG, Association of Power Producers, said the decision is not on gas pooling in real sense but is basically importing gas and then subsidising for stranded plants.
The oil and power ministry are seeking financial aid for stranded gas-based power plants.
Ashok Khurana, Director-General, Association of Power Producers is hopeful that the company will re-draft the agreement and make it more equitable and ensure greater transparency
With power plants, involving investments of Rs 100,000 crore, facing closure due to natural gas shortage, Oil Minister M Veerappa Moily today said he will move a note for the consideration of high powered ministerial group to change priority of allocation of the fuel as well as pooling price of imported and domestic gas.
The government has approved a bailout package for the cash-strapped discoms and Ashok Khurana, Director General, Association of Power Producers (APP) believes the government has taken a very wholistic approach this time.
A power-packed series of meetings between power company CEO's and the government today ended on a positive note with prime minister Manmohan Singh promising decisive action to avert a power crisis in the sector.
Private power producers are worried over the rising coal deficit and are sounding the warning bells over the fate of as much as 21,000 mw of planned capacity addition in the current fiscal. CNBC-TV18's Mehak Kasbekar delves deeper to know why the power producers are breaking into a cold sweat.