Quote of Mr Pinaki Bhattacharyya, CEO Amp Energy India on the ₹90,000 crore infusion into the power sector
“The government has yet again demonstrated that they are working towards the betterment of the power sector. The step was much anticipated given the current scenario and is a positive move that addresses the fundamental challenges being faced by developers due to non-payment or delay of payments from distribution companies. This will help improve the viability of utility PPAs.
With this boost, discoms will let the industry to source some of their power from private renewable energy generators through open access to enable the industry to reduce their cost in these testing times. Although this move would address the situation in the short term, a longer-term approach is required to make the sector sustainable,” Mr. Pinaki Bhattacharyya, CEO, Amp Energy India.