Cabinet offers relief to struggling power firms2 min read . Updated: 08 Mar 2019, 12:10 AM IST
- Cabinet allows power producers to end supply contract with power discoms without breaking coal linkages
- Cabinet also clears a new hydropower policy aimed at making power purchase from such projects mandatory
NEW DELHI : New Delhi: The union cabinet has allowed power producers, saddled with ₹36,000 crore of unpaid dues, to end supply contracts with defaulting power distribution companies (discoms), as Prime Minister Narendra Modi's government, in possibly its last cabinet meeting, addressed a pressing concern for the industry.
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