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Centre Mulls Bailout for Indebted Power Distribution Utilities
Hindustan Times Pune
|February 22, 2025
India is considering injecting cash into heavily indebted government-owned power distribution utilities, according to a document from the Ministry of Power reviewed by Reuters, to ensure the stability of the sector amid surging power demand.
NEW DELHI:
In the document circulated this week, the ministry mentioned the formation of a group of ministers to identify states that urgently need cash for their utilities, design a "fiscal discipline program to enable them to avoid a debt trap", and suggest measures to bring private investment.
This would be the first time since 2021 that the federal government has injected money to state power utilities, which cost the government $35 billion then.
Dit verhaal komt uit de February 22, 2025-editie van Hindustan Times Pune.
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