Emergency clause invoked on power plants in national interest: Power Secy
Invocation of legislation to mandate all imported coal-based power plants to operate is a step taken in national interest to increase availability of electricity, union power secretary Alok Kumar told ET. The project developers, however, are worried about the uncertainties regarding implementation.
At a meeting on Friday in the power ministry, most lenders agreed to offer funding support to restart operations of the stressed assets, but developers of these plants are worried about uncertainties in sourcing imported coal and not getting full recoveries at the power exchanges.
