Telangana Chief Minister K Chandrasekhar Rao had set up ambitious plans in the power sector by announcing several new thermal projects. However these plans met with a roadblock after bankers are hesitant to lend money for these projects.
These institutions including Power Finance corporation (PFC) are seeking documents including balance sheets of power utilities over the last three months. Telangana government is spending huge money for purchase of power from outside sources to cover up the power deficit.
Government is spending huge money on this short duration power purchases. However the power utilities are not revealing their financial results since the bifurcation hiding their financial health. Now the funding institutions are refusing to fund the new projects until the reports are disclosed. They suspect the power utilities are in neck deep financial crisis.Follow Mirchi9 on Google NewsThis Week Releases on OTT – Check ‘Rating’ Filter
Hiring Content Writer: We are looking to hire a ‘Telugu’ content writer. Send your sample articles to [email protected]Don't MissInside Story: Who Prepared Pawan Kalyan's Speech?We media usually address Pawan Kalyan as Powerstar while writing film news and as Janasena...Don't MissVenkatesh And Rana Together For Netflix Web SeriesThe dream of Daggubati fans has finally come true as Rana and Venkatesh Daggubati are...Don't MissLove Story All set For Record-Breaking Openings!Love Story starring Naga Chaitanya and Sai Pallavi is undoubtedly the biggest Telugu release post...Don't MissList Of New Titles Premiering On OTT This WeekHere is the list of new titles premiering on top OTT platforms like Netflix, Amazon...Don't MissThree Different Targets For Love Story TrioNaga Chaitanya and Sai Pallavi starrer Love Story is all set to hit the silver...