JVs appear to be the best route for power distribution privatization
In recent weeks, there were two significant episodes regarding privatization of power distribution—a traditionally controversial subject in India’s power sector.
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Bihar should pursue JVs with private sector
Recently, Bihar Grid Company Ltd (BGCL) was in the news when lending agency Power Finance Corporation sanctioned financial assistance worth Rs.1,350 crore, representing the entire debt component of a Rs.1,688-crore transmission upgrade scheme. The project aims at constructing 16 transmission lines, four associated substations and seven line-bay extension works in the eastern state.
