Standard Post with Image

Power Projects undergoing dissolution before NCLT are allowed to retain their FSA, PPA & TSA

<p><span style="font-size:11.0pt">About 34 Stressed Power project are under exposure of insolvency before NCLT mandated by RBI circular. A high-level empowered committee, constituted by the Prime Minister&rsquo;s Office has allowed stressed thermal assets to retain their coal, power supply and long term transmission agreements.</span></p> <p><span style="font-size:11pt">This has been done in presumption to attract more investors and higher bids. This would help lenders to recover a fair value&nbsp;&nbsp;</span></p>