Stress Power Sector

PM Modi announced a Rs 3 trillion package for reforms in the power distribution sector, while blaming 'freebies culture' for their mounting dues. Will the package address problems of the power sector?

Indian states and union territories (UTs) owe over Rs 1 trillion to the gencos and Rs 62,931 crore to the discoms

The power sector accounts for close to 80 per cent of Coal India's total supplies

Asked ministries of power and new & renewabl energy to ensure discoms publish their performance parameters periodically, so people know how their discoms fare in comparison to peers

Palaniswami was referring to conditions put forward by Centre to raise borrowing limits from 3% to 5% of GSDP for this financial year

Dubey claimed the central government was looking at abolishing the subsidy and cross subsidy in the supply of electricity, which would make the commodity more expensive for the general consumer

S C Garg also said Coal India should be made professionally more efficient as importing 20 per cent of the coal requirement of the country is "untenable"

Around eight-nine commissioned power projects will be impacted by the Allahabad High Court order and banks have mostly provided for these stress projects