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Government Flagging Red for Clearing Loan to BSES:Fate of Power Supply in Delhi Under Clouds

News

The Delhi government appears to be in no mood to grant the BSES discoms a comfort letter that would enable them to get an Rs 11,000 crore loan from Power Finance Corporation (PFC).

Source: ET

SNP Insights

The tiff that has taken place between the government and BSES discoms has raised serious concerns over financial security of the power gencos. Moreover, the power availability scenario in the state is projected to be under doubts with reduced cash corpus available with the power distribution utility.

Source: SNP