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Examples
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Since the SEBs would be the main purchasers of power from IPP projects, resolving their financial problems is critical to attracting the capital necessary to ensure the country an adequate supply of electric power.
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Also included is a one-time financial bailout of the SEBs, which packaged their $7 billion in debts to the federal-level National Thermal Power Corporation (NTPC) into bonds at concessionary interest rates.
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Still, the financial problems of the SEBs have prevented substantial foreign investment from flowing into India's electric power sector.
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Due to financial problems of the SEBs, a large number of foreign firms canceled or delayed power generation projects in India between 1999 and 2001.
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India's state electricity boards (SEBs), which run the power distribution infrastructure and own most current generating capacity, are in very poor financial shape, with many of them technically insolvent.
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Access is to be opened up to the SEBs transmission grids, allowing power producers to sell directly to large industrial consumers.
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State transmission companies and SEBs have stopped trading electricity since June 2005 and Licensed Trading Companies have taken over the function of electricity trading.
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The working capital position is further strained due to delays in payment from State Electricity Boards (SEBs).
News Centre@myiris.com India's Most Comprehensive Financial Destination 2010
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The situation remains the same as the government is trying to convince the SEBs.
Analysis 2010
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The situation remains the same as the government is trying to convince the SEBs.
Analysis 2010
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