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News Brief | March 2012

Budget plan for SEBs

The Union Budget may announce a restructuring plan to improve the financial health of beleaguered state electricity boards (SEBs), which are finding it difficult to raise working capital and owe a staggering Rs 1.77 trillion to banks, an indicator of the ongoing crisis in India’s power sector.

The budget will also make provisions for the National Electricity Fund (NEF), which will subsidise the interest on loans taken by SEBs to cut distribution losses. Many distribution utilities are saddled with losses arising from theft, inefficient transmission and billing inefficiencies.
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