Cabinet nod for Rs 2 lakh cr debt rejig of SEBs

September 24, 2012 19:47

The government today cleared the proposal to restructure debt worth nearly Rs 2 lakh crore of state electricity boards, giving a boost to the ailing power sector.

The Cabinet Committee on Economic Affairs (CCEA) has cleared the Rs 2 lakh crore restructuring package for the state electricity boards (SEBs), sources said. The plan for restructuring the debt of discoms has been in the works for some time now.

The Power Ministry had earlier prepared a Cabinet note on the issue. It reworked the proposal, reportedly after the Finance Ministry expressed reservations.

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