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Exchange saves discoms Rs.200 crore

Exchange saves discoms Rs.200 crore
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While there has been no response from the Power Ministry on surrendering electricity in Delhi, power utilities have come up with an alternative to avoid buying. Distribution companies are engaging in ‘power banking’, which is helping them save as much as Rs.200crore. Power banking, which means exchange of electricity between different states is turning out to be a popular means to avoid purchase from old and ailing generation stations.

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