Power sector owes

The power sector’s woes never seem to end. So are the meetings to find solutions — the outcomes often being disproportionate to the time spent. The latest one, involving State power ministers in New Delhi on Tuesday, discussed the worrying health of distribution utilities. The power distribution companies or discoms have collectively run up debts of around Rs 2 lakh crore that they are unable to repay. One proposal discussed was to allow State Governments to issue long-term bonds for half this amount, with the remaining 50 per cent being restructured through a three-year moratorium on principal repayments.

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