At a time when the Power Ministry is struggling to achieve revised capacity addition target for the XI Plan, a report has warned that continued coal shortages and environment hurdles could lead to ‘major default' in loans by private power producers to the tune of Rs.1.35-lakh crore.
According to a report prepared by Britain-based International Energy Consultancy, Mercados Energy Markets India for Association of Power Producers (APP), the banking sector has an exposure of about Rs.2,92,342 crore to the power sector. The APP includes big time companies such as Reliance Power, Tata Power, Essar Power and Adani Power.
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