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Power supply companies continue to remain a burden on state finances
The Business Guardian
|December 22, 2024
Electricity distribution companies (DISCOMs) continue to weigh heavily on State finances, stated a report by the Reserve Bank of India (RBI).
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The report also noted that the total accumulated losses of state DISCOMs reached a staggering Rs 6.5 lakh crore by 2022-23, accounting for 2.4 per cent of the country's GDP.
It said, "Electricity distribution companies (DISCOMs) continue to remain a drag on State finances."
The report added that DISCOMs remain a significant challenge for States despite various reform efforts.
To address this, the RBI stressed the importance of measures such as improving productivity, reducing transmission and distribution losses, and aligning tariffs with the actual cost of power supply.
Dit verhaal komt uit de December 22, 2024-editie van The Business Guardian.
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