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Monetization of power-sector PSUs assets worth Rs 70000 Crs in pipeline
By IndianMandarins- 19 Jul 2021
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New Delhi (19.07.2021): The government plans to generate ₹70,000 crores over the next five years through the monetization of assets of public sector power companies including Power Grid, NTPC, and REC.About 50% of the generated funds are planned to be plowed into a technical up-gradation of state transmission and distribution infrastructure where underinvestment over the years has been causing massive T&D losses and power outages.The success of this plan, like that of the overall plan to raise ₹3.25 lakh crores over the next five years through a calibrated disinvestment of shares of ONGC, IOC, NMDC, CIL, BHEL, and BEML, may largely depend on the skill of government money managers and astute timing.
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Monetization of power-sector PSUs assets worth Rs 70000 Crs in pipeline
By IndianMandarins - 2021-07-19 12:02:00
New Delhi (19.07.2021): The government plans to generate ₹70,000 crores over the next five years through the monetization of assets of public sector power companies including Power Grid, NTPC, and REC.
About 50% of the generated funds are planned to be plowed into a technical up-gradation of state transmission and distribution infrastructure where underinvestment over the years has been causing massive T&D losses and power outages.
The success of this plan, like that of the overall plan to raise ₹3.25 lakh crores over the next five years through a calibrated disinvestment of shares of ONGC, IOC, NMDC, CIL, BHEL, and BEML, may largely depend on the skill of government money managers and astute timing.
