Not long ago, large swathes of India were wallowing in darkness, and with the public sector unable to meet demand, the private sector had taken upon itself the task of adding generation capacity. Then, domestic coal availability and the power demand scenario played spoilsport, throwing the private players into significant financial stress.
The stress trickled into the banking sector in the form of non-performing assets (NPAs). With almost ~75 GW of thermal generation capacity (both constructed and under construction) being stressed, NPAs in the generation sector accounted for 5.9% of total advances of Rs 473,815 crore, as per Economic Survey 2016-17.
While restructuring schemes introduced in the past have not succeeded, the Insolvency & Bankruptcy Code is currently under implementation through the National Company Law Tribunal. However, more needs to be done to solve the core sector specific issues.
Against this backdrop, we invite you to a web conference titled 'Solving NPA puzzle in the power sector’.
At the webinar, experts from CRISIL Infrastructure Advisory will speak on:
- Worsening asset quality and stress level attribution to each core factor leading to the deterioration
- Government schemes for stress resolution and their impact
- Outlook on key measures to be undertaken to de-stress the sector
This would be followed by a panel discussion with eminent industry stakeholders and a Q&A session.