Discoms will have to supply power through franchisees: RK Singh
State power distribution companies will have to hand over electricity supply businesses to multiple licensees or franchisees to get central government assistance or loans from the Power Finance CorporationNSE 0.83 %, said power and renewable energy minister RK Singh. This will give consumers the option of choosing from multiple electricity service providers like mobile number portability even before the Electricity Act is amended and quality of supply improved, he told ET’s Sarita C Singh in an exclusive interview.
The minister said the Centre withstood pressure from states to get all discoms to open bank guarantees against power purchases. Edited excerpts:
