Power distribution companies in Union Territories to be privatised, says Finance Minister
NEW DELHI: India’s Finance Minister Nirmala Sitharaman on Saturday said electricity distribution companies in Union Territories (UTs) will be privatised. This is expected to provide a model to be replicated in states later to improve efficiency and attract investment. Unveiling the fourth tranche of the Rs 20 lakh crore stimulus package to revive the coronavirus-hit […]
Stressed discoms’ dues to power gencos rose 48% to Rs 81,010 crore in October
NEW DELHI: Power producers’ total outstanding dues owed by distribution companies rose around 48 per cent to Rs 81,010 crore in October 2019 over the same month last year, reflecting stress in the sector. Distribution companies (discoms) owed a total of Rs 54,654 crore to power generation companies in October 2018, according to portal PRAAPTI […]