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Montek for privatising power distribution

Montek for privatising power distribution
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New Delhi (PTI): Pitching for privatisation in the power distribution sector, PC Deputy Chairman Montek Singh Ahluwalia suggested it can help in...

New Delhi (PTI): Pitching for privatisation in the power distribution sector, PC Deputy Chairman Montek Singh Ahluwalia suggested it can help in reducing huge losses and half of this business should be with private players. "Of the total (power) distribution (sector) in the country, only 4% is through the private sector suppliers. I don't think why it should not go to 50% in the next 10 years," Ahluwalia said. The power distribution sector is suffering due to huge losses of over Rs 2.46 lakh crore in the country. Asked whether the privatisation can help ailing power distribution sector, he replied, "I believe so. I don't see any reason, why we should not experiment. Montek
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