Rs 4,000-crore investments in wind energy on brink of becoming NPAs

Last Modified: Mon Mar 28 2016 17:41:52 GMT+0530 (India Standard Time)
  • 2 years
    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.
  • 550 MW
    of projects that are ready to generate electricity but are now stranded.
  • 6
    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.