The decision was taken at a meeting of the Union Cabinet, chaired by Prime Minister Narendra Modi. In order to provide support and facilitation to investors for investing in India, an Empowered Group of Secretaries (EGoS) is approved, the commerce and industry ministry said in a statement.
The real-time electricity market will provide an alternate mechanism for the distribution companies to access a larger market than what they have at present, that too at a competitive price.
