News > Electricity distribution companies continue to remain a burden on State finances: RBI

Electricity distribution companies continue to remain a burden on State finances: RBI

The Hindu Business Line | 21/12/2024 01:20 PM | Click to read full article

Total accumulated losses of state electricity distribution companies reached ₹6.5 lakh crore by 2022-23, accounting for 2.4% of the country's GDP. RBI stressed the importance of measures such as improving productivity, reducing transmission and distribution losses, and aligning tariffs with the actual power supply cost.  Other recommended steps include unbundling the electricity supply industry and privatizing power generation and distribution.

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