The power sector could trip the country’s growth story if states do not check the losses of power utilities that totaled a staggering Rs40,000 crore.
“The power sector is particularly important if we wish to achieve 9% growth...Total loss in 2009-10 is estimated at Rs40,000 crore...Unless corrected, it will make the whole power sector unviable,”
India has one of highest transmission and distribution losses in the world. It lost 30% of the total power produced (over 160,000 MW) in transmission and distribution, which in monetary terms is estimated at Rs45,000 crore for the fiscal year ending 31 March 2010.
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