Power Minister Piyush Goyal today said common man has to pay high tariff because of power theft and huge financial losses in the sector. Speaking during the launch of e-Book in New Delhi, the Minister said the electricity suppliers lose Rs 70,000 crore every year due to the poor transmission system. The Minister informed that due to poor distribution of electricity the government has already incurred an accumulated loss of Rs 250,000 crore . Mr. Goyal also said the government is committed to bring about a qualitative change in the power sector and ensure affordable 24×7 power for all households and industrial establishments in the country. The Minister also said the government has already granted Rs 1.1 lakh crore for around the clock and affordable power supply for the rural and urban India. The thermal -based electricity generation has increased by 15.8 percent form June to November 2014 as compare to same period of 2013.
News On AIR | January 8, 2015 1:42 PM
Govt incurred loss of Rs 250,000 crore due to poor power distribution: Piyush Goyal