The All India Power Engineers Federation (AIPEF) in a letter to R K Singh Union Power Minister has made several suggestions on the power sector reforms including financial crisis facing the power distribution companies, electricity (amendment) bill 2014, solar power and nuclear power.
The federation has pointed out that the power supply industry is under severe financial and operational distress due to various factors. The consequences of this are spilling over to the financial institutions and capital goods industry. Solutions to the financial crisis like the UDAY scheme are merely temporary arrangements. Unless a final solution is found in respect of the securitized debt, there is a danger that the debts may be sold in the international debt market. Read More…
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