PANAJI: Power distribution companies in the country suffered losses worth Rs 27,000 crore in 2018-19, Union power minister R K Singh has said.
The Centre aims to reduce electricity transmission and distribution losses in the country to 15 per cent in next two years, Singh said here on Saturday.
He met Goa Power minister Nilesh Cabral at the Power Grid Corporation’s facility at Colvale, located about 20 km from here.
After the meeting, Singh said, “The total loss of all power distribution companies in the financial year 2018-19 was Rs 27,000 crore. That is huge. Because of the losses, the discoms are under stress.”
He noted that the discoms were facing issues related to purchase of power, maintenance and others.
