Power Ministry launches ratings for companies

The Power Ministry on Tuesday unveiled ratings programme for distribution utilities which would enable them to get loans at better interest rates based on their financial, managerial and regulatory performances.

These agencies would be rated on the basis of seven parameters, including financial status, meeting regulatory norms and others, Power Minister Jyotiraditya Scindia said while releasing ratings for distribution companies (discoms).

State-run Power Finance Corp, which was coordinating the programme, appointed ICRA and CARE to assign ratings. The programme covers all the 39 state power discoms. It, however, does not cover state energy departments and private discoms.

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