Mounting discom dues threatens to add NPAs in power sector, especially in renewables. In the coal-based sector, only 5.9 GW of the 41GW capacity that is stressed has achieved resolution.
In an interview to CNBC-TV18, Gurdeep Singh, CMD of Natinoal Thermal Power Corporation (NTPC), spoke about the latest happenings in his company and sector.
"Ujwal DISCOM Assurance Yojana (UDAY) is addressing all the issues relating to the distribution companies (DISCOMs) and the distribution. REC has been playing a major role there", PV Ramesh, Chairman and Managing Director at Rural Electrification Corporation (REC) told CNBC-TV18.
Stating that coal inventories to the tune of about 50 million tonnes (MT) were lying at the pitheads and about 30 odd MT were at power plants, the secretary said "but we have worked out the strategy to liquidate that (coal inventories)."
The government last week tried to usher in a Diwali for the power sector by announcing a scheme called Ujwal Discom Assurance Yojana (UDAY, which seeks to improve the finances of the loss making power distribution companies (Discoms)