On Saturday, Prime Minister Narendra Modi asked state governments to pay their debts owed to power distribution companies in order to assist maintain the energy sector’s stability and meet consumer demand.
According to PM, state governments must address unpaid distribution company debts, which frequently linger unpaid for several months and endanger the financial stability of electricity generation businesses.
According to data from the Ministry of Power, unpaid debts to power distribution corporations surpass $17 billion.