Friday, August 5, 2022

India plans contentious law to cut $75 billion utility debt

The matter is contentious because several state governments promise free electricity to lure voters. Politicians then press regulators to prescribe artificially low tariffs or local administrations fail to transfer subsidies; money-losing retailers delay payments to power generators, grid operators and coal suppliers, weakening the entire supply chain.

from Energy-Industry-Economic Times https://ift.tt/M6PC9eu

No comments:

Post a Comment