Coal import fiat to gencos may face financial hurdles; power firm want fresh credit lines
The Union power ministry’s diktat to imported coal-based (ICB) power plants to run at full capacity will force them to ask for fresh credit lines. These plants are facing severe financial crunch, with some of them even starved of working capital.
A clutch of ICB units told FE that they welcomed the government’s directive and would want to comply with it, but added that the feasibility of their units scaling up capacity utilisation would hinge on the lenders giving timely support and state-run discoms clearing a large part of their pending dues on an urgent basis.
