CNBC-TV18‘s Dimple Daswani and and Farah Bookwala report that the political squabble over alleged irregularities in allocation of coal blocks revealed by the CAG reports has forced Indian power companies to explore other avenues such as coal imports
Chinese banks have started offering loans on projects at lower rates to finance more than USD 50 billion worth of power equipment for Indian companies. For Indian power firms, this is a big leg-up since local banks are reluctant to lend to these companies.
K Ravi Kumar, director of Abhijeet Power Ltd, managing director of JIPL and former chairman BHEL, in an interview with CNBC-TV18's Mitali Mukherjee and Sonia Shenoy, spoke about his reading of the power sector.