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Punjab, Rajasthan, Andhra Pradesh seek Rs 14,664 crore to revive discoms

States request Rs 14,000 crore, PFC-REC to lend at above 9%

power, electricity, plant, renewables, thermal
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Apart from the three states, Uttar Pradesh and Karnataka have also evinced interest for taking loan under this scheme, however an official request is yet to come

Shreya Jai New Delhi
The Centre’s special liquidity infusion scheme — to revive financially distressed power distribution companies (discoms) — has seen interest from Rajasthan, Andhra Pradesh, and Punjab.

The three non-BJP governed states have cumulatively sought Rs 14,664 crore from state-owned lenders Power Finance Corporation (PFC) and Rural Electrification Corporation (REC).

Last month, the Finance Minister announced a special loan scheme for discoms, in her 15-point agenda to boost the economy. The size of the scheme is pegged at Rs 90,000 crore. The loan is strictly for clearing the pending dues of discoms to power generation firms — which stood at a record Rs 1.08