Power sector reforms mentioned in the budget

The finance minister has shared some of the government’s plans for power sector reforms. These include revival schemes for state discoms and a package of structural and tariff reforms. The minister has also announced a scheme to invite global companies to set up mega manufacturing plants for solar PV cells, lithium storage technologies and charging infrastructure. These investments will have certain tax exemptions. The central government will work with the state governments to remove barriers such as cross-subsidy surcharge and open access charges.

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