The government has reduced the total investment by seven state-owned power companies, including NTPC and Power Grid Corporation, by 23 per cent to Rs 43,667.05 crore for 2019-20, compared with the Revised Estimate of Rs 56,742.49 crore for the previous financial year.
The highest cut of 47.34 per cent in the investment has been done for Power Grid Corporation to Rs 15,000 crore for 2019-20, compared with the Rs 28,487.53 crore revised estimates for 2018-19. The investment by the company was budgeted at Rs 25,000 crore for 2018-19, according to the Budget document presented on Friday in Parliament.
In the case of NTPC, the investment for 2019-20 has also been reduce to Rs 20,000 crore from Rs 22,300 crore for 2018-19. The investment for 2018-19 was not revised.
