Re­form Dis­coms

The Economic Times - - Companies: Pursuit Of Profit -

There seems merit in the pro­posal, but all stake­hold­ers need to boost trans­parency in the pol­icy-chal­lenged power sec­tor. The plan to have stressed as­sets for­go­ing fixed charges, so as to rev up dis­patch, would amount to la­belling them as mer­chant plants. The pe­riod of sus­pend­ing PPAs need to be clearcut and time-bound. The dis­coms, mean­while, need to proac­tively shore up rev­enue col­lec­tions and re­al­i­sa­tions. They need to be man­dated to pub­lish quar­terly re­sults. The po­lit­i­cal will must be found to re­form state power util­i­ties.

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