New power equations needed amid Iran oil disruption & discom distress5 min read 30 May 2019, 11:24 PM IST
Govt will have to deal with changing global energy paradigm and resolve the brewing financial crisis in discoms
The development comes against the backdrop of tightening US sanctions against Iran, and production curbs by Opec, which have driven up oil prices
NEW DELHI : The Narendra Modi government will have to decide on the vexed issue of crude oil purchases from Iran as soon as it assumes office. Not only will it have to deal with the changing global energy paradigm, the new government will also have to resolve the brewing crisis in state electricity distribution companies (discoms) due to their poor financial health, which has resulted in delayed payment to generation utilities. This comes against the backdrop of India’s electricity demand hitting an all-time high.
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