Carrot-and-stick for power reforms
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23/03/2000
The government made it mandatory for state electricity boards (SEBs) to sign power purchase agreement (PPA) to avail power from all new Central sector projects in a bid to guard against payment defaults. The cabinet committee on economic affairs (CCEA) decided that the earlier formula for distribution of power from Central projects to states on the basis of a fixed quota would only serve as a guideline, parliamentary affairs minister Pramod Mahajan told reporters after its meeting.