While several Indian power project developers have placed orders with Chinese firms, some power plants that have used Chinese equipment have earlier run into trouble. This comes at a time when India is trying to tackle the vexed issue of stressed assets. While several Indian power project developers have placed orders with Chinese firms, some power plants that have used Chinese equipment have earlier run into trouble. Queries emailed to spokespersons of India’s power ministry and the Chinese embassy in New Delhi on Sunday remained unanswered. The National Democratic Alliance (NDA) government is working on a strategy for the resolution of stressed power projects.

Source: Mint August 07, 2017 19:18 UTC