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Construction : Power Update | November 2015 | Source : CW-India

Centre to recharge distribution

The Centre´s plan to revive the power distribution sector is gathering momentum with Maharashtra set to take up the government´s ´Power for All´ programme. The programme envisages overhaul of the power sector through state-level initiatives, besides tariff reforms for cleaning up the balance sheets of state-owned distribution companies. Eight states have already signed MoUs with the Union Power Ministry for the initiative. These include Rajasthan, Andhra Pradesh, Chhattisgarh, Jharkhand and Assam. Last month, the government had got Uttarakhand, Meghalaya and Goa on board.The budgetary support from the Centre will be for its flagship schemes -Deendayal Upadhyaya Gram Jyoti Yojana and Integrated Power Development Scheme. The total fund requirement till FY19 for eight states that have so far signed the MoU is Rs 241,528 crore till 2018-19.
 
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