India asks state-run firms to clear over $1 bn owed to green energy firms: Sources

The companies owe solar and wind power generators including Goldman Sachs-backed ReNew Power and Softbank-backed SB Energy over 97 billion rupees ($1.35 billion), according to the Central Electricity Authority, an arm of the federal power ministry. Commercial banks are unwilling to lend to these firms because of their high outstanding debt.

from Banking/Finance-Industry-Economic Times https://ift.tt/2OOJYsj