{"id":116706,"date":"2017-06-12T11:08:56","date_gmt":"2017-06-12T11:08:56","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=116706"},"modified":"2017-06-12T11:08:56","modified_gmt":"2017-06-12T11:08:56","slug":"government-close-to-resolving-some-bad-power-loans-piyush-goyal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/government-close-to-resolving-some-bad-power-loans-piyush-goyal\/","title":{"rendered":"Government close to resolving some bad power loans: Piyush Goyal"},"content":{"rendered":"<p>Signaling the intent of the government, Power Minister Piyush Goyal today said the ministry is doing its job to revive stalled and stressed thermal and hydro power projects. <\/p>\n<p>&#8220;We are close to resolution of stressed thermal power projects soon where developers are not willful defaulters,&#8221; Goyal told reporters here while speaking about three years of the government&#8217;s performance. <\/p>\n<p>The power ministry, which is also working on reviving stalled hydro projects, already had extensive discussions with bankers and stakeholders. <\/p>\n<p>According to sources, the ministry has firmed up a policy for stalled hydro projects to revive 11,639 mw by dispensing Rs 16,709 crore till 2024-25. <\/p>\n<p>Additionally, the government has decided to provide interest subvention of about 4 per cent to developers to turn around hydro projects. <\/p>\n<p>The power ministry and the Niti Aayog, Goyal said, are jointly working on a policy for next 25 years to ensure energy security. He expects renewable energy capacity to surpass thermal power by 2022. <\/p>\n<p>India intends to create 175 gw of renewable energy capacity by 2022. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Signaling the intent of the government, Power Minister Piyush Goyal today said the ministry is doing its job to revive stalled and stressed thermal and hydro power projects. &#8220;We are close to resolution of stressed thermal power projects soon where developers are not willful defaulters,&#8221; Goyal told reporters here while speaking about three years of the government&#8217;s performance. The power ministry, which is also working on reviving stalled hydro projects, already had extensive discussions with bankers and stakeholders. According to sources, the ministry has firmed up a policy for stalled hydro projects to revive 11,639 mw by dispensing Rs 16,709 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-116706","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/116706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=116706"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/116706\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=116706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=116706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=116706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}