MNRE releases ranking report of state power distribution utilities

The minister congratulated A+ and A category DISCOMS who have performed well and urged upon other utilities to perform better next time.

Union Minister of Power, New and Renewable Energy, RK Singh, released the ‘Ranking & Ninth Integrated Ratings for State-owned Power Distribution Utilities’ on the occasion of PFC’s 36th Foundation Day in the presence of Krishan Pal, Minister of State for Power along with Alok Kumar, Secretary (Power), RS Dhillon, CMD, PFC and other senior officers from Ministry of Power, PFC and REC.

The minister appreciated that the 9th Annual Integrated Rating exercise covering 41 state power distribution utilities for the rating period FY 2019-20 has been completed with the enthusiastic participation of all the utilities. He congratulated all stakeholders, especially the state distribution utilities for their active role and support in successfully completing the 9th Annual Integrated rating exercise despite the ongoing pandemic. He added that the Indian power sector will benefit from a fair and accurate assessment of the true position of the distribution sector, which in turn will help in assessing and improving its performance. This will also assist state governments, lending institutions and other stakeholders to take important decisions. He also congratulated A+ and A category DISCOMS who have performed well and urged upon other utilities to perform better and improve their ratings next time. 

The Minister congratulated PFC on completing its 35 glorious years in the service of the nation. He said that, PFC has become a leading NBFC and a key player in financing the Indian power sector. He further added that PFC will be an instrumental strategic partner in government reform schemes for power sector such as ₹3.03 lakh crore ‘Reforms-based and Results-linked, Revamped Distribution Sector Scheme’, Atmanirbhar DISCOM package, etc.