Short-term loans in the works for power discoms
The Centre is working to offer quick short-term loans to power distribution companies as their accumulated electricity bills payable to generating houses are nearing ₹1 lakh crore.
A senior government official said state-owned Rural Electrification Corp (REC NSE 1.17 %) is considering lending short-term loans for bill payment to private as well as state-owned power distribution companies.
