2010, provide for regulating power supply to discoms in the event of payment default. But Tata Power will have to petition the regulator.
Most discoms in the country are in dire straits due to their inability to hike tariffs in a timely and adequate manner. The combined losses of discoms are estimated to have crossed Rs 2 lakh crore. “All the promises of power distribution reforms have slipped to the background in last few years, resulting in chaotic conditions. As a result, the confidence of developer and lender is at the lowest,” said RV Shahi, former Union power secretary.