India Ratings and Research (Ind-Ra) in its latest report has maintained a stable to negative outlook on the power sector for FY18, despite an improvement in coal availability, the restructuring of discom debt and the operationalisation of stuck projects. This is owing to large underutilised capacities, muted demand, bunched capacity addition, soft merchant power-prices, continued investments in renewable capacities, lack of power purchase agreements (PPAs) and weak discoms.
