PM Modi urges states to clear dues of Rs 2.5 lakh crore to power sector companies
New Delhi: Prime Minister Narendra Modi on Saturday asked the state governments to clear power sector companies’ dues which are estimated at around Rs. lakh crore. The prime minister regretted that the state governments are yet clear subsidy commitments amounting to Rs. 75,000 crores to power companies.
About Rs. 2.5 lakh crore companies engaged in electricity and distribution are stuck, he said while speaking at the closing function of the ‘Ujjwal Bharat Ujjwal Bhavishya- Power@2047’ event.
Recalling the days of power shortages, the Prime Minister said that during the last eight years about 1,70,000 MW of electricity generation capacity has been added. Power is necessary for the development of the nation, he said, adding the country needs “Rashtraneeti’ and not ‘Rajneeti”.