Govt urges states to raise power purchase; plans to revive stalled projects
Officials said they are looking at short-term measures for resolving issues like coal supply and payment by states
 "power, electricity")
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RBI took a tough stance against a special dispensation to the power industry, saying this would invite similar representations from other sectors and lead to more litigation
Identifying that power demand and assured payment to power generating firms are major reasons for debt load, the Centre will pursue states for improving power procurement.
In the second meeting of the High Level Empowered Committee (HLEC), the power ministry said it was in discussions with states for improving the power demand scenario. The HLEC has been formed under the Cabinet Secretary to formalise resolution plans for the power sector.
The committee has members from the ministries of coal, power, finance and railways, and is to submit its report by September 29.
The first meeting of the HLEC was held on August 31. The RBI, which gave the meeting a miss the first time, was not present in the second one too. The RBI was asked to be included in the meeting by an order of the Allahabad High Court.
Officials said the RBI has cited “conflict of interest” for not attending the meet.
In the second meeting of the High Level Empowered Committee (HLEC), the power ministry said it was in discussions with states for improving the power demand scenario. The HLEC has been formed under the Cabinet Secretary to formalise resolution plans for the power sector.
The committee has members from the ministries of coal, power, finance and railways, and is to submit its report by September 29.
The first meeting of the HLEC was held on August 31. The RBI, which gave the meeting a miss the first time, was not present in the second one too. The RBI was asked to be included in the meeting by an order of the Allahabad High Court.
Officials said the RBI has cited “conflict of interest” for not attending the meet.