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India plans nationwide retail electricity market opening to private firms to boost competition and ease utility debt.
India is proposing to open its retail electricity market nationwide to private companies, a major shift from the current state-dominated system.
The draft regulations, introduced by the federal power ministry, aim to boost competition, improve efficiency, and reduce financial strain on struggling state utilities, which owe power generators about $6.78 billion.
Private firms like Adani Power, Tata Power, and CESC could expand operations beyond existing regions, with multiple providers potentially serving the same area.
The move follows past resistance in 2022 and comes amid efforts to modernize infrastructure and attract investment.
Final approval depends on government review and stakeholder consultations.
India planea abrir el mercado de electricidad minorista en todo el país a empresas privadas para impulsar la competencia y aliviar la deuda de servicios públicos.