Thermal Bubble in the Making

One More NPA bubble is in the making.

Due to aggressive solar push by MODI Govt, prices of solar power dropped to Rs 2.5/- per unit. This put burden Thermal Power companies who don’t have any PPA with State Discoms. State Discom are now a days avoiding buying power even if there are PPA citing high cost. This is putting big risk for entire power Thermal Power companies.

Knowing this NTPC is foraying into Charging Station for Electric Vehicles.

Coalindia also facing the heat

Thermal plants are operating at 55% currenly and would be able to meet future demand. New and pending power plants will create another round of NPA mess for Banks.

Also Telecom NPA bubble is also slowly bruing now. More trouble ahead for Indian Banks.

Beware Of Banks :scream: