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India plans $35 billion power reforms to revive ailing utilities

India plans $35 billion power reforms to revive ailing utilities

Wednesday, January 1, 2020, 10:46 AM

India is planning another wave of reforms aimed at turning around its struggling power retailers. The initiative is still under consideration, a-power-ministry spokeswoman said declining to provide details. The reforms could cost as much as 2.5-trillion-rupees over five-years, according to people with knowledge of the issue. The new measures would follow an unsuccessful plan unveiled in 2015 to make retailers profitable by March 2019.
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