Minister of State Power RK Singh interview says You cannot be a developed country with a power sector.

New Delhi: The Centre’s move to strengthen the implementation of the letter of credit requirement — an existing payment security mechanism in power purchase agreements — for states has plugged electricity distribution company (discom) dues to power generation companies (gencos) from rising any further, according to Minister of State for Power, RK Singh. The minister, in an interview to Prabha Raghavan and Anil Sasi, stressed on the renewed focus by the government to resolve problems of legacy dues to these gencos and make the downstream sectors more viable, including through measures that would incentivize private firms to get into the distribution space and offer competition at the consumer end.