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'Focus on power investments'

business Updated: Apr 10, 2013 20:59 IST
HT Correspondent

Power minister Jyotiraditya Scindia said on Wednesday that a refocus on the investment in power sector is the need of the hour as India's investments are linked to this sector.

While inaugurating a conference on "Restructuring debts of DISCOMS for sustainable power growth" on Wednesday, Scindia said reforms must be undertaken on war footing by power distribution firms that provide electricity to homes and offices.

Scindia added that the Union cabinet has approved the proposal to restructure Rs 1.9 lakh crores worth of debt of state electricity companies.