Nirmala Sitharaman lauds Haryana for bringing discoms in profit

Tribune News Service

Chandigarh, November 15

Union Finance Minister Nirmala Sitharaman, while chairing a high-level meeting of Chief Ministers and state finance ministers held through video-conferencing, today lauded the steps taken by CM Manohar Lal Khattar for reduction in line losses of discoms and further taking the state to a profitable position.

The Finance Minister said Secretary, Central Power Department, would be asked to study Haryana’s model to get a better understanding of the blueprint followed.

During the meeting, detailed discussions were held on creating an enabling ecosystem for increased pro-active facilitation for investments, besides topics of energising growth, reforms, augmenting investments and creating a reforms-focused business climate.

Khattar said under the structural reforms in the power sector, the state government was making dedicated efforts to reduce the gross distribution and commercial deficit of discoms under UDAY Yojana.

During the past five years, the gross distribution and commercial deficit declined from 30.02 per cent in 2015-16 to 16.22 per cent in 2020-21.