New Delhi: Put your house in order first - that's the message that Power Minister Veerappa Moily sent to the power companies on Tuesday when he said that the debt restructuring package announced by the government to bail them out would be performance-linked.
"We want to ensure they don't go into debt trap again. The package is performance-linked. States discoms need to come up with a concrete plan to improve their health," he said.
In a slew of decisions taken by the government to push reforms, the Cabinet on Monday cleared a Rs 2 lakh crore package for the debt-ridden state electricity boards.
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03:23 PM, Sep 25, 2012
New Delhi: In a major decision, the Cabinet Committee on Economic Affairs (CCEA) on Monday evening cleared the restructuring plan of the state electricity boards. Sources say the states can now covert all loans into equity. The association of power producers has welcomed the move calling it a step in the positive direction. Sources say the government has cleared the proposal to restructure debt worth nearly Rs 2 lakh crore...
07:23 PM, Sep 24, 2012
New Delhi: CAG reports on the privatisation of the Delhi airport, ultra mega power projects and coal block allocations are likely to be tabled in Parliament on Friday. CNN-IBN has accessed the final draft of the CAG report on coal block allocations which pegs the loss to the exchequer at Rs 1.86 lakh crore, making it even bigger than the 2G scam loss. The report also raises questions on the...
07:33 AM, Aug 17, 2012
New Delhi: Coal India will modify the fuel supply pacts before signing them with power companies to incorporate the changes that have been proposed by its board at this week's meeting, thereby breaking the deadlock over the issue of minimum assured supply of fuel to them. Central Electricity Authority (CEA), in a letter, would inform the Power Ministry about the necessary modifications to be made in the FSAs. So far...
10:49 AM, Aug 03, 2012
The Govt will offload five per cent of its equity in NTPC and 10 per cent in SJVN. ...
06:35 PM, Oct 19, 2009
City residents lose patience after hours-long electricity cuts. ...
09:49 PM, Jun 28, 2009
