Wind energy projects which do not start generating power within this period of taking loans can be declared 'non-performing' by the RBI, according to Sunil Jain, President, Wind Independent Power Producers Association.
Rs 4,000 crore
Combined investment in wind energy projects that are on the verge of becoming non-performing assets, as Maharashtra State Electricity Distribution Co Ltd (MSEDCL), has refused to sign PPAs or issue commissioning certificates.
of projects that are ready to generate electricity but are now stranded.
Projects of Tata Power, ITC, Jindal Steel subsidiary Maharashtra Seamless, Hero Future Energies, Green Infra Wind Energy and Continuum Wind Energy are facing the risk.