Energy policy may bring subsidy cut, price control in power, fertilisers

The government will soon outline comprehensive energy sector reforms that could free up sectors such as coal, electricity, and fertilizers of subsidies and price controls, helping produce more power and make generation projects commercially viable for private companies.

The policy could also give greater emphasis towards improving the financial condition of power distribution companies (discoms), which are bogged down by debt, to make the sector profitable in the medium to long term.

Key suggestions being considered include overhauling the entire structural and functional capacity of discoms so that they operate more professionally.

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