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Discoms to get Centres fiscal aid

Power & New and Renewable Energy
October 1, 2013October 1, 2013
Discoms to get Centres fiscal aid
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Under the government approved Financial Restructuring Package (FRP), the Union Power Ministry is likely to allow the state electricity boards of Karnataka, Jharkhand and Bihar to convert their outstanding loans, till March 2013, into bonds. Under the FRP, 50 per cent of the accumulated debt of the state discoms till March 2013 can be converted into bonds to be issued by these distribution companies to the participating lenders, backed by state government guarantees.

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