India Plans $11.3 Billion Bailout for State Power Firms ...Middle East

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India Plans $11.3 Billion Bailout for State Power Firms
source : OILPRICE ( Middle East ) () 82
India is weighing a bailout package for its indebted state-owned power distribution companies that could be worth more than $11.3 billion (1 trillion Indian rupees), according to a draft plan by the Indian Power Ministry seen by Reuters. Indian authorities plan to reorganize the state distribution companies which have been run inefficiently for years and which are a major drag on India’s power system.  The plan, expected to be announced in February, envisages private companies to meet at least 20% of the total power consumption in any…

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