Though the government approved a slew of measures to address the distress of the independent power producers just before the Lok Sabha elections, the industry is still awaiting for the power ministry to formulate concrete plans and procedure to implement them.
The Cabinet Committee on Economic Affairs, on March 7, had approved certain recommendations of a group of ministers and a high-level empowered committee on stressed power assets, mainly related to coal supply issues, payment discipline and sanctity of contractual agreements. However, the sector is yet to reap the benefit of the decisions.
