Investments Worth Rs 4,000-crore in Wind Energy on the Verge of Being Declared Non-Performing Assets (NPAs) in Maharashtra, India

An investment of Rs 4,000 crore in wind energy projects in Maharashtra, India, is facing the risk of being declared non-performing assets (NPAs). Projects with a ready capacity of over 550 MW of electricity generation are in trouble as the Maharashtra State Electricity Distribution Co Ltd (MSEDCL) has refused to sign power purchase agreements (PPAs) or issue commissioning certificates. Of this, 364.15 MW of wind projects were ready in 2014-15 and another 192.05 MW were completed in 2015-16.The projects that are facing the risk are of Tata Power, ITC, Jindal Steel subsidiary Maharashtra Seamless, Hero Future Energies, Green Infra Wind Energy and Continuum Wind Energy. Wind energy projects which do not start generating power within two years of taking loans can be declared ‘non-performing’ by the RBI. Despite paying interest on the loans they took from the banks, all these developers face this threat and this will affect their credit worthiness for future bank loans too.

Read Full News At: http://www.researz.com/investments-worth-rs-4000-crore-wind-energy-verge-declared-non-performing-assets-npas-maharashtra-india

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