Cabinet nod for Rs 2 lakh crore debt rejig of SEBs

NEW DELHI: The government today cleared the proposal to restructure debt worth nearly Rs 2 lakh crore of state electricity boards, giving a boost to the ailing power sector.

The Cabinet Committee on Economic Affairs (CCEA) has cleared the Rs 2 lakh crore restructuring package for the state electricity boards ( SEBs), sources said.

The plan for restructuring the debt of discoms has been in the works for some time now.

The Power Ministry had earlier prepared a Cabinet note on the issue. It reworked the proposal, reportedly after the Finance Ministry expressed reservations. PTI