India's power sector struggling to service and pay off loans
Many plants invested heavily for construction but now face zero sales to generate income
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Mumbai
IN THE central Indian village of Raikheda, the construction of a thermal coal power plant once promised jobs and economic progress.
Years after its completion though, the debt-saddled project that promised power supply to hundreds of thousands of homes, sits mostly idle. It is unable to buy coal to power the plant or sell electricity to utilities. Dozens of nearby stores that were reliant on the project's success have shut down.
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