BHUBANESWAR: Even as the power sector needs high capital infusion to strengthen the transmission and distribution network for supply of quality power to the consumers, the State government has made a provision of Rs 1,799 crore for 2021-22.
A substantial portion of the budget has been provisioned to buy the AES Corporation’s stake in OPGC which is estimated at USD 135 million (around Rs 1,019 crore). Finance Minister Niranjan Pujari said Rs 500 crore is provided to the State-run OHPC as equity for buying 49 per cent share of AES in OPGC in the next financial year.
