It seems controllable and uncontrollable factors have converged on the infrastructure sector, causing lenders and investors to step back in their plans. Ranjit Manjarekar, COO Infrastructure Finance, Tata Capital, tells Infrastructure Today that lack of visibility of returns, stemming from uncertainties, is a big dampener, but tells us how his firm is manoeuvring around the roadblocks to identify the right segments to go after.
Tag: State Electricity Boards
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Finance blues will change as macroeconomic conditions change: Experts
Lending to the infrastructure sector expanded at a decent pace of 37 per cent CAGR during FY03-13. Lending to infrastructure sector as a part of overall industrial bank credit rose to 32.7 per cent of in FY13 from 10.6 per cent of FY03. Over the past five years, lending to power sector grew by a faster clip of 34 per cent CAGR.
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Restructuring should not be considered anathema
Although banking sector stress may have 'bottomed out', as he puts it, India's infrastructure sector remains vulnerable to risks, both inherent and external. Corporate restructuring should not be thrown out the window as a solution for problems that are extraneous to a project.
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Govt’s Rs 1.9 trillion debt recast scheme fails to enthuse SEBs
Reports indicate that the Rs 1.9 lakh crore debt restructuring package announced by the central government for state electricity boards (SEBs) has not received much response. It is learnt that no major state has yet entered into a memorandum of undertaking (MoU) with the centre for debt recast. states such as Rajasthan are negotiating with ban
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Promote renewable power | Budget 2013-14
Reliable Power: We believe that providing reliable power should be the first priority, thereby restoring the balance between demand and supply. With this having been accomplished, policy makers can then address the affordability criterion as the next step.Consequently, it is critical that the over 30 GW of capacity (that is ready for commissioning and is awaiting fuel supply), is supplied with fuel immediately. This applies for both coal and gas-based plants.
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Swift approvals for power projects | Budget 2013-14
The country is presently in need of an energy security policy, conveying use of portfolios, basket of fuels; followed by guidelines on how regulators must ensure that at each state level, tariffs are built using bulk sourcing of power, based on prudent mix of portfolio of fuel - comprising of both imported and domestic. In addition, a long-term view needs to be taken to ensure energy security through the development of appropriate alternatives to conventional fuels.
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Coal is the major concern for thermal power projects
The implementation of reforms at the state power utility (SPU) level as well as of those initiated to mitigate fuel shortages remains key to power sector turnaround, says KVB Reddy, Executive Director, Essar Power, in an interview with Sumantra Das.
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Minimal stress on states’ fiscal consolidation path
The Central Government's financial debt restructuring plan for state distribution companies (discoms) is a well thought-out scheme. The restructuring plan takes into account the fiscal consolidation roadmap suggested by the Thirteenth Finance Commission (TFC) and exerts minimal stress on states' fiscal profiles, writes Devendra Kumar Pant.
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Minimal stress on states’ fiscal consolidation path
The Central Government's financial debt restructuring plan for state distribution companies (discoms) is a well thought-out scheme. The restructuring plan takes into account the fiscal consolidation roadmap suggested by the Thirteenth Finance Commission (TFC) and exerts minimal stress on states' fiscal profiles, writes Devendra Kumar Pant.
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Minimal stress on states’ fiscal consolidation path
The Central Government's financial debt restructuring plan for state distribution companies (discoms) is a well thought-out scheme. The restructuring plan takes into account the fiscal consolidation roadmap suggested by the Thirteenth Finance Commission (TFC) and exerts minimal stress on states' fiscal profiles, writes Devendra Kumar Pant.
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