Rs 40,000 core liquidity boost on the anvil for private thermal power companies
Although the government has taken the decision to liquidate the overdue receivables from state-owned discoms as part of a rescue package, Coal India has given its nod to allowing private thermal power plants to get coal on 90-180 days credit
BusinessToday.In | December 23, 2020 | Updated 15:47 IST
The government support is by way of a Rs 1.2-lakh-crore loan scheme to enable discoms to pay outstanding dues to gencos
Private sector coal-based thermal power plants may get a liquidity boost of Rs 40,000 crore from the Centre s Atmanirbhar Bharat scheme along with Coal India s decision to give a longer-term credit to them, according to a report by ratings agency Crisil.
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The Cabinet, led by Prime Minister Narendra Modi has sanctioned expenditure of Rs 1,584 crore for the current financial year (FY20-21), and Rs 22,810 crore for the entire scheme duration of 2020-2023.