NEW DELHI : India is planning another wave of reforms aimed at turning around its struggling power retailers. The initiative is still under consideration, a power ministry spokeswoman said Tuesday, declining to provide details. The reforms could cost as much as 2.5 trillion rupees ($35 billion) over five years, according to people with knowledge of the issue. The power ministry is working with distribution companies on models for other initiatives, the officials said, with any payments from the federal government linked to meeting targets. While such losses did decline, they were still at about 18% at the end of the year to March 2019, the power ministry said in a report in October.

Source: Mint December 31, 2019 08:03 UTC