​Power Asset Revival Through Warehousing And Rehabilitation (Pariwartan) Scheme

  • The Rural Electrification Corporation (REC) finalised a scheme called Pariwartan to revitalise stressed power sector assets.
  • Under the scheme government has planned to warehouse stressed power projects totalling 25,000 megawatts (MW) under an asset management and rehabilitation company (AMRC) jointly owned by the Power finance corporation and lending banks to protect the value of the assets and prevent their distress sale under the insolvency and bankruptcy code till demand for power picks up.
  • The proposed plan also aims to stem the rise in bad loans in the power sector.
  • The scheme is inspired by the Troubled Asset Relief Programme, which was introduced in ....
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