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India considers $12 billion bailout for state power distributors
India plans a ₹1 trillion bailout for state power distributors, conditional on privatisation or listing, to tackle massive losses and debt in the sector.
India is mulling a bailout plan of more than ₹1 trillion ($12 billion) for debt-laden state power distribution firms. Under the proposal, states will have to privatise majority control or list the utilities on a stock exchange within three years to access federal loans. The distribution companies carry losses of ₹7.08 trillion and debt of ₹7.42 trillion as of March 2024. Private energy firms stand to benefit, though political resistance and legal hurdles could slow implementation.