Intricacies of foreigners owning power plant


IF only the policymakers had stuck to a policy that had been implemented since 2012 to award the licence to build and operate power plants on a competitive tender basis, there would be little to quibble about today on the issue of foreigners owning majority stakes in such assets.

The policy to award power plants on a competitive tender basis that started in 2012 was intact until end-May 2014.

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