Despite a big slippage on meeting the operational goals set under the UDAY scheme in FY19 and the Union power ministry repeatedly flagging inadequate tariff hikes as one of the reasons behind state electricity boards’ (SEBs) weak financial health, electricity regulators of Bihar, Jharkhand and Chhattisgarh have apparently buckled under pre-election political pressure and announced tariff plans that would leave big revenue deficits for FY20. These three states have been reporting the highest revenue losses from pilferage and tariff collection inefficiency in the country.
Under the tariff plan approved by the state’s regulator, Bihar SEB will raise Rs 1,401 crore less than demanded by it. The boards of Jharkhand and Chhattisgarh will mobilise Rs 1,211 crore and Rs 1,460 crore Read More
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