Power sector debt at Rs 3.81 lakh cr

As per a report compiled by the Power Finance Corporation (PFC), the power sector companies have outstanding debts of Rs 3.81 lakh crore during 2011-12. This includes total outstanding loans from banks and financial institutions and also funds raised via bonds.
This is higher than Rs 3.28 lakh crore in 2010-11, while it was recorded at Rs 2.63 lakh crore during 2009-10.
“In order to achieve the planned growth target and to sustain the growth momentum, the Indian Power Sector needs considerably large investments. The 12th Five Year Plan has projected investment requirement for power sector (excluding renewable energy) is Rs.15,01,666 crore, out of which Rs.7,13,827 crore has been envisaged from the private Sector,” Minister of State for Power (Independent Charge) informed Lok Sabha on Thursday.

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