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Government mulls to comfort stressed assets by Medium Term PPA

<p><span style="font-size:9.0pt">Government invited generators struggling with low PLF due to absence of PPA and experienced a good response from stressed generators with securing about 1900 MW of PPA against 2500 MW floated for tenure of 3 years. Government intends to float such PPA in future also, insight of response</span></p> <p><span style="font-size:9.0pt">With realization of tariff of Rs. 4.24 per is unit in the auction, generators also foresee such auctions, as it win-win situation for both generators and government. Where government secures generation availability on medium term and generators comforts&nbsp; with financial obligations with its lenders and shareholders.</span></p>