R K Singh has established that the goal of the Government is to have “One Nation One Grid” and that it will pay compensations to consumers in case of load shedding.
The government will soon go ahead with structural modifications to accomplish the objective of “One Nation One Grid”, Finance Minister Nirmala Sitharaman had believed in her budget speech earlier this month.
“The government will pay damages (to consumers) if load shedding happen,” the Union Power Minister said without elaborating.
The ministry would seek the Union Cabinet’s nod for the power tariff policy in next few days, which would provide for penalty for unscheduled power cuts except in the case of technical faults or act of God (natural calamities), Singh had said on the day of tabling the Union budget.
Finance Minister Nirmala Sitharaman had announced in the budget that a package for the power sector would soon be brought by the government.
The government intends to provide ’24X7 Power to All’ at affordable rates. Therefore, there would be a provision in the tariff to cap transmission and distribution losses. Once the tariff policy is approved, the distribution companies would not be allowed to pass on these losses beyond 15 percent.
After inaugurating the Power Grid Vishram Sadan at the Rajendra Institute of Medical Sciences (RIMS) in Ranchi on July 14, 2019, Singh said, “Before 2014, many people whose houses did not have electricity used to think whether they would ever get it. Now, these deprived people have electricity in their homes.”
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