Power producers seek sector-specific relief measures to ease woes

NEW DELHI: The Association of Power Producers (APP) has written to the Union Ministry of Finance seeking several relief measures to alleviate the pressures on the critical sector, including a Rs 1 lakh crore sector-specific TLTRO (targeted long-term repo operation) to ease liquidity concerns and a new policy framework that avoids unnecessary litigation.

In the letter, APP director general Ashok Khurana pointed out that orders issued by regulatory forums are routinely challenged as a matter of course, and that it was rare for directions on interim payment issued by regulatory commissions to be honoured.