(FE)
The recommendations of a high-level empowered committee (HLEC) on stressed power assets will be placed before the Cabinet soon for approval, power minister RK Singh. A group of ministers (GoM) headed by finance minister Arun Jaitley is deliberating on the HLEC recommendations and deciding on their viability, Singh added.
The recommendations of HLEC, headed by the Cabinet secretary, include a proposed mechanism through which REC and PFC — major lenders to discoms — can make upfront payment to independent power producers, allowing power plants which relinquish PPAs due to payment delays to use linkage coal for selling power elsewhere, and letting NTPC pool power from private plants for their existing PPAs for under-construction plants.
