India’s Looming Power Crisis - By Chronicle Editorial Team
- The Covid-19 pandemic, along with the ensuing lockdown, is an unprecedented health and economic crisis. This is true for the electricity sector, even though “lights are on” in every household. Recently, Moody’s Investors Service changed its outlook for the Indian power sector to negative from stable on declining power demand, payment delays and an adverse impact from government measures that favour consumers over utility companies.
- Finance Minister announced a Rs 90,000-crore liquidity injection into power distribution companies (or discoms). The move is aimed at helping the discoms clear their dues with gencos (or electricity generation companies), who in turn can clear ....
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