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Power Price Renegotiation May Put Rs 1.5 Lakh Crore In Bank Loans At Risk

Nearly Rs 1.5 lakh crore in bank loans to power producers in India could be at risk if more states decide to renegotiate power purchase agreements (PPAs), two bankers in the know told BloombergQuint. Three states – Uttar Pradesh, Karnataka and Andhra Pradesh – have either cancelled purchase agreements or are reworking them, the bankers confirmed. The fear surrounding loans to power producers comes at a time when the Indian banking sector has seen stressed assets rise to over Rs 10 lakh crore. The hope was that stressed assets will peak close to these levels. However, bankers now fear that the power sector could emerge as a new pressure point in the quarters ahead.There is a significant amount of money that has been loaned for new power plan.....

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