Rajasthan: Moily announces bail out package for power distribution centres

Updated: September 02, 2012 14:09 IST

Union power minister Veerappa Moily has announced a bail out package of nine thousand crore rupees for the power distribution centres and distribution companies and restructuring of the system in Rajasthan. Moily said that Power Finance Corporation and Rural Electrification Corporation would be provided 4,500 crore rupees each as transition finance to bail out distribution centers.

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