Stressed power assets to be viable soon: R K Singh

Tuesday, October 16, 2018

New Delhi, 16th October, 2018:
All stressed power assets to be viable soon provided we have enough coal production in the coming years, said Mr.  R.K. Singh, Minister of State for Power and New & Renewable Energy (I/C) at an ASSOCHAM event held in New Delhi today.
 
We propose to bring in penalty for load shedding in the favour of consumer. Urging discoms to reduce transmission losses caused due to theft using technology to be available soon, said Mr Singh while addressing the 98th Annual Session of The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
 
The power minister said that we will fix surcharges in the new tariff policy. We are spendingabout Rs. 1,32,000crore to fix distribution system of the country.
 
We started off as a energy deficit country, added about 102 Gigawatt in the last three years. ‘Sufficient energy generation is a challenge for the country’, said Mr. Singh at an event.
 
He also mentioned that power distribution, losses on account of bill dues, theft are major challenges. So, need to switch over to technology. The technology enforcement needed in the power sector to minimise the loss.‘Stressed assets are going to be gold mines’, said Mr. Singh.
 
Adding 32 million new consumers, already added 16 million from October 11, 2017 till date.  We are adding consumers 1 lakh per day, market not an issue, said power minister.
 
Price of electricity based on imported coal not competitive. The raw material for power is one of the challenge
 
 
About ASSOCHAM:

ASSOCHAM initiated its endeavour of value creation for Indian industry in 1920. It was established by promoter Chambers, representing all regions of India. Having in its fold over 400 Chambers and Trade Associations, and serving over 4.5 lakh members across India. ASSOCHAM has emerged as the fountainhead of Knowledge for Indian industry, which is all set to redefine the dynamics of growth and development in the Knowledge Based Economy. More information available on www.assocham.org
 
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ManjuNegi
AVDHESH SHARMA   
ASSOCHAM
ASSOCHAM   
avdhesh.sharma@assocham.com
011-46550509; +919810910911
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