Renewable firms can take discoms to NCLT: Power ministry to Andhra govt

Renewable power project developers are staring at weak cash flows from their projects in Andhra Pradesh

Shreya Jai  |  New Delhi 

Fearing loan default and burgeoning stress in the renewable energy sector, Union Minister for Power and New and Renewable Energy R K Singh has asked the Andhra Pradesh government to clear dues of power projects at the earliest.

In a latest letter to Andhra Pradesh Chief Minister Y S R Jagan Mohan Reddy, Singh said the delayed payment by the state could land its own power distribution companies (discoms) in the soup. “Due to non-payment of dues, it is likely that many of the renewable power producers would default in making payment to the Indian Renewable Energy Development ...

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First Published: Mon, September 09 2019. 01:31 IST