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This is an archive article published on September 24, 2012

Cabinet nod for Rs 2L cr debt rejig of SEBs

Plan for restructuring debt of discoms has been in works for some time now.

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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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