Finance minister Nirmala Sitharaman is likely to unveil a Rs 3-lakh crore reforms scheme for the power distribution sector when she gives her Budget speech on Monday, a senior official told ET.
The scheme is likely to have a grant component of Rs 1.02 lakh crore, with the remaining to be funded by states and financial institutions, said the official, who did not wish to be named. The proposed five-year programme will have two major components –implementation of smart prepaid meters and discoms loss reduction trajectory. The government is likely to advocate implementation and operation of prepaid smart meters through private partnerships.
