Revamping Power: New Debt Restructuring Scheme for Utilities

At the 5th Group of Ministers meeting led by Union Minister Mamohar Lal, a new debt restructuring scheme for distribution utilities was discussed. Key topics included cost-reflective tariffs, subsidy payments, and the implementation of reforms for financial stability, with an emphasis on smart metering and data analytics.

The 5th meeting of the Group of Ministers, chaired by Union Minister of Power Mamohar Lal, spotlighted a new scheme for debt restructuring of distribution utilities.

The Power Ministry revealed that discussions focused on ensuring cost-reflective tariffs, timely subsidy payments, and formulating strategies to enhance financial stability of utilities.

Integral topics included expediting smart meter deployment, leveraging data analytics for power optimization, and collaboration among government bodies to implement irreversible financial reforms in the power sector.

(With inputs from agencies.)