Rs 90,000 crore discom booster a power push for economic revival: RK Singh, Minister for Power
NEW DELHI: The ₹90,000 crore liquidity booster for distribution companies announced on Wednesday will kick-start a chain of payments that will make power and related sectors like coal viable, minister for power and renewable energy, RK Singh told ET in an exclusive interview.
Power Finance Corp and REC Ltd are all set to launch on Thursday the liquidity-boosting scheme announced by finance minister Nirmala Sitharaman. They will offer loans at lesser rates to distribution companies, while the power ministry is pushing the finance ministry to give the sector access to low-cost funds at repo rate.
Singh is confident that electricity demand will revive soon, and that measures to boost MSME, real estate and power sectors will put the economy back on track.
