The Ministry of Power has drawn up plans for a ₹3 lakh crore new scheme to improve the health of power distribution companies (Discoms). The old schemes of the Ministry will be amalgamated into this new scheme, an official statement said.
The contours of this scheme were discussed during a meeting between the Ministry of Power and the Finance Commission on issues relating to the reforms of the electricity sector in the States.
R K Singh, Minister of State (Independent Charge) for Power and New and Renewable Energy, has requested the Finance Commission for support of ₹3 lakh crores over a five year period for this scheme.
