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To tackle increasing demand, the Union Ministry of Power has urged central and state public-sector power-generating companies (gencos) and state power and energy departments to pick projects that are undergoing insolvency proceedings.
The power ministry is looking at a quicker turnaround of these stressed power plants and enhancing power supply.
Increasing demand is pushing states to scout for more power sources. It is requested that state-owned gencos may be encouraged to participate in the corporate insolvency resolution process (CIRP) of stressed power assets, which are of strategic and commercial significance to the capacity addition plans of the states concerned.
The state government will provide an unemployment allowance of Rs 2,500 monthly to the unemployed youth of age group 18-35 whose family income is below Rs 2.5 lakh per annum.
A two-member NCLAT bench said that there is no ‘illegality’ in order passed by NCLT and it does not see any reason to set aside the resolution plan by Adani Power.