The Association of Power Producers (APP) has given a representation to Finance Minister Nirmala Sitharaman regarding funding issues in power sector.The letter by Ashok Khurana, Director, Association of Power Producers (APP) has sought key financial support required for revival of the infrastructure industry.
“Unfortunately, the power sector, which would have a pivotal role in achieving the target of a $ 5 trillion economy by 2024, is presently suffering from stress due to systemic issues and is facing challenges with financing, thereby resulting in waning of investment appetite,” Khurana said in the letter.APP has listed key initiatives on the financing side which, when coupled with policy and regulatory changes currently under consideration, can remove stress and re-energize the sector.
