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June 5, 2001
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Money > Business Headlines > Report June 5, 2001 |
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Pvt investments, FDI seem a mirage in power sector: CIIBS Corporate Bureau Private investments, including foreign direct investment in power generation seem a distant reality, apex chamber Confederation of Indian Industry said on Monday. "Private investments and FDI in power generation seem a mirage in the short-term," CII said. In the existing scenario, India saw no other option but to expect National Thermal Power Corp, National Hydro Power Corp and state electricity boards to usher in new capacity, it added. Blaming the state governments squarely for the problem, CII said power sector progress had been tardy mainly on account of inability of states to make power accessible and affordable, rationalise tariffs, generate revenue streams, follow energy accounting norms, control pilferage and realise user charges. "Unless immediate steps are taken by the Centre and the states to implement measures agreed upon at the Chief Ministers' conference convened by the Prime Minister in March, we are leading towards a dark future," it said. It said, the one-time waivers based on the ability of SEBs to break even in two years as suggested by Union minister for power Suresh Prabhu, needed serious attention and had to be taken forward by the states. Powered by YOU MAY ALSO WANT TO READ:
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