PIB News Update:PM Narendra Modi today held a detailed meeting on the Power Sector & took stock of the impact of COVID-19. He also discussed various long-term reforms for enhancing sustainability, resilience, and efficiency of the sector.The discussions included measures regarding ease of doing business; propagation of renewables; flexibility in supply of coal; role of public-private partnerships; and boosting investment in the power sector.
PM underlined the significance of the power sector in propelling the economy. The need for effective enforcement of contracts for attracting private investments was discussed. He emphasized the importance of consumer centricity and directed to work towards the goal of supplying 24X7 quality and reliable power to all consumers. Measures for improving viability of distribution companies, including tariff rationalization and timely release of subsidies along with improved governance were also discussed.
The meeting was attended by Home Minister, Finance Minister, Minister of State for Power, Skill and NRE and Minister of State for Finance along with senior officials of the Government of India.