Extending its ambitious plan to bail out beleaguered state electricity distribution companies (discoms), the government on Thursday cleared a special package for three more states—Jharkhand, Bihar and Andhra Pradesh.
The move to reduce the debt overhang of Rs 2 trillion owed by all discoms in the country is likely to benefit private power producers as the discoms will now be able to procure electricity to meet additional demand.
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At present, power producers are unwilling to supply them power as they fear they will not be paid.
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