Stressed assets to be made national assets

In a concentrated effort to bail out beleaguered thermal power projects, the Centre is designing a new plan along with banks and the state-owned NTPC. For stressed power-generating assets which a bank agrees to take over, NTPC has offered to operate them, Power Minister Piyush Goyal told reporters after a daylong meeting with leading bankers.

Banks need assistance to complete projects that they have taken over, the minister of state for coal, power, mines, new & renewable energy said, adding, “We are focused on finding solutions to make stressed assets into national assets.”

While the government has tried to assist