| "The acid test for the bankability of a project is its commercial viability. Low-tariff projects will have no problem of sale of power nor any problem of payment by utilities. This is what we should aim at," Sayeed said at a meeting of private sector borrowers, which was organised by the Power Finance Corporation. |
| "They need to fine tune their services in line with the changing market conditions. This is the mantra that all successful business entities must follow," Sayeed said, adding financial institutions must consider their borrowers as business partners. |
| He, however, said the precarious financial health of state electricity boards was one of the main reasons for non-bankability of private sector projects but hoped that with the new Electricity Act in place, this problem would be resolved. |
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