Power Minister Directs REC & PFC Not to Give Loans to DISCOMs With Heavy Losses

According to government data, the aggregate technical and commercial losses of various state DISCOMs under UDAY program increased in the past one year

March 9, 2018

/ Ankita Rajeshwari

/ Grid, Market & Policy,

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Power Minister R.K. Singh has directed Rural Energy Corporation (REC) and Power Finance Corporation (PFC) to not grant loans to distribution companies (DISCOMs) which are making heavy losses (above 15 per cent) unless they chalk out a plan to reduce them.

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Ankita Rajeshwari

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Power Minister Directs REC & PFC Not to Give Loans to DISCOMs With Heavy Losses

Continue Reading with Premium Access

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