Investment will not come in unviable power sector, says R K Singh

The minister said that he is worried about the sustainability (of discoms) because a large number of them are loss making

Power Minister R K Singh on Monday expressed concerns about the sustainability of state-owned loss making discoms saying investments in the power sector will not come unless there is viability in the system.
 

“Investment will not come unless and until there is viability in the system, unless and until the people who put money are assured that power they generate and sell will be paid for. That is the basic problem of sustainability we are facing,” Singh said at the 93rd annual general meeting of industry chamber Ficci. Singh’s statement assumes significance as India aims to move towards higher economic