Power projects in India may come to a grinding halt, warns Hemant Kanori
KOLKATA: Power projects in India may come to a grinding halt unless generation companies are supported with easier access to fuel and restructuring of loans in the wake of coronavirus outbreak and the ensuing lockdown, warned Hemant Kanoria, chairman, Srei Infrastructure Finance LtdNSE 1.23 %.
“The power sector has been facing an existential issue since the last five years and with COVID-19, it seems to be the proverbial last straw that broke the camel’s back kind of situation,” Kanoria wrote in a letter to the Prime Minister, Narendra Modi.
