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Scindia bailout plan for AP
Highlights
Union Power Minister Jyotiraditya Scindia is mulling to tweak the Financial Restructuring Package process slightly to help Andhra Pradesh, along with a few other states like Jharkhand, Bihar and Karnataka.
Union Power Minister Jyotiraditya Scindia is mulling to tweak the Financial Restructuring Package process slightly to help Andhra Pradesh, along with a few other states like Jharkhand, Bihar and Karnataka. During the recent state power ministers meeting in the capital, Scindia said that he would soon approach the Union Cabinet for changes in the government debt recast plan for electricity distribution companies in these states.
A Model State Electricity Distribution Responsibility Bill is being circulated to the states, which needs to be enacted by the states. If he manages to go through the process, it will greatly benefit Andhra Pradesh.
Andhra Pradesh, which was once a power-surplus state, has been reduced to a power-deficit State. But the Government is working on a roadmap, which will once again help Andhra Pradesh to regain its position of pre-eminence. Part of the problem is also to be blamed on shortages in gas supply and coal allocations. “We have got a lot of traction from the Ministry of Coal and Ministry of Environment and Forests. We will chart the way forward in a progressive manner that will allow the power sector to grow in the country,” remarked Scindia.
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