NEW DELHI: The precarious state of India’s power distribution companies can be seen in the sharp rise in state government subsidies to such companies over the past few years, even as sales and profitability have dipped. According to a study by the Council on Energy, Environment and Water (CEEW) and the International Institute for Sustainable Development (IISD), direct power tariff subsidies from state governments increased 32 per cent between FY2015-2016 and FY2018-19—reaching a massive Rs 1.104 lakh crore.
