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Plans afoot to raise Rs 70,000 crore from asset monetisation of power PSUs over 5 years

Plans afoot to raise Rs 70,000 crore from asset monetisation of power PSUs over 5 years SECTIONS Plans afoot to raise Rs 70,000 crore from asset monetisation of power PSUs over 5 yearsBy Share Synopsis Intra-state power transmission, sub-transmission and distribution networks are largely underinvested, leading to huge amounts of technical losses and power outages, a senior government official said. Getty Images The government plans to mop up nearly ₹70,000 crore through monetisation of assets of state-owned power companies including Power Grid, NTPC and REC in the next five years, and half the proceeds may go into strengthening state transmission and distribution infrastructure. Intra-state power transmission, sub-transmission and distribution networks are largely underinvested, leading to huge amounts of technical losses and power outages, a senior government official said.

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