PM Modi meets officials of power utilities to tackle mounting debt

Last Updated: Monday, September 14, 2015, 15:31

The combined debt of power distribution companies (discoms) stands at over Rs 3 lakh crore. Faced with acute financial stress, many of these are unable to buy power.

CAG ready to audit private power distribution companies

Last Updated: Wednesday, January 1, 2014, 22:50

As Delhi government ordered an official audit of the private power companies, the CAG has indicated it is ready to go into the finances of the three distribution firms.

Power subsidies should be on states' balance sheets: Scindia

Last Updated: Thursday, August 1, 2013, 15:48

Jyotiraditya Scindia's comments come against the backdrop of many state-run electricity distribution companies (discoms) grappling with precarious financial health.

States need to do their job on discom debt rejig: Scindia

Last Updated: Tuesday, May 28, 2013, 16:30

Indicating that the Ministry has done its part in helping with discoms debt rejig, Power Minister Jyotiraditya Scindia on Tuesday said that it was now for the states "to do their job".

India's power grid to become world's largest: Scindia

Last Updated: Monday, May 13, 2013, 14:28

Optimistic about India's electricity grid becoming the largest in the world, Union Minister Jyotiraditya Scindia has said that checks and balances have been put in place to avoid re-occurrence of any major grid collapse, similar to the one witnessed last summer.

Scindia favours 'carrot and stick' policy for power discoms

Last Updated: Sunday, May 12, 2013, 12:48

In a 'carrot and stick' approach to deal with the power distribution companies, Union Minister Jyotiraditya Scindia has suggested incentivising the discoms that cut down losses from theft and other transmission issues while punishing the bad performers.

Panel meet on Friday; to mull extending FRP deadline to June 30

Last Updated: Wednesday, April 3, 2013, 15:41

An inter-ministerial panel will meet on Friday to mull extending the deadline for the government's ambitious debt recast scheme to June 30 for the beleaguered power distribution companies.

Govt mulls separate power suppliers, network providers

Last Updated: Sunday, March 10, 2013, 10:46

In a major move aimed at reducing losses of discoms and improving overall electricity supply, the government is mulling a new model where a power supplier will not manage the electricity distribution network.

Power Ministry seeks Rs 1,200-crore for discom debt rejig in 2013-14

Last Updated: Wednesday, January 23, 2013, 19:19

The Power Ministry will seek financial support of Rs 1,200 crore from the Ministry of Finance, for 2013-14, towards restructuring the debt of the state power distribution companies.

Loss-making discoms a drag on states' finances, says RBI

Last Updated: Thursday, January 10, 2013, 22:31

The RBI Thursday said loss-making power distribution companies continue to impact financials of states and cautioned against their restructured debt liabilities turning into non-performing assets for the state governments.