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Prime Minister Modi Takes Stock of the Power Sector Amid COVID-19 Lockdown

Prime Minister Narendra Modi recently held a meeting to take stock of the power sector amid the COVID-19 pandemic.

In the meeting, the Prime Minister discussed various measures and long-term reforms for enhancing sustainability, resilience, and efficiency of the sector. The meeting was attended by the Home Minister, Finance Minister, Minister of State for Power, and Minister of State for Finance along with senior government officials.

Among many other things, the discussions included measures regarding the ease of doing business, wider adoption of renewables, flexibility in the supply of coal, increasing the role of public-private partnerships, and taking measures to boost investments in the power sector.

Apart from these, PM Modi stressed the role of the power sector in propelling the economy. The role of effective enforcements of contracts for attracting the private sector was also discussed in the meeting.

He also stressed the role of the consumer-centric approach and asked everyone to work toward the goal of supplying round-the-clock high quality and reliable power to all consumers. In the meeting, measures for improving the effectiveness of distribution companies, including tariff rationalization, and the timely release of subsidies were also discussed.

 Source: mercomindia.com/prime-minister-modi-stock-power-lockdown/?fbclid=IwAR0sQOct01qYR4-teNnp3FJ9WjU-_v7fw2efMHUV8XUJxFoeJkbJU2bcOg0

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