India invests big in new power plan
The measures are meant to reduce losses at state-run provincial power distributors
01 February 2021 - 16:01
New Delhi — India will embark upon a new 3.06-trillion rupee ($42bn) plan to revive loss-making electricity distributors after an earlier programme that was started in 2015 failed to meet its goal to make them profitable.
The new plan, unveiled by finance minister Nirmala Sitharaman in her budget speech on Monday, seeks to reduce losses at mostly state-run provincial power distributors with poor financial health plaguing the industry for decades...
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