One of the reasons for higher tariff being charged to the power consumers by private / public power suppliers in this country is directly attributed to the delay caused by several formalities imposed by several government agencies which in turn lead to higher cost of interest borne by those companies.
Companies have to seek 90 clearances during construction and 53 clearances while starting operations. Besides, compliance reports have to be filed on 1982 counts, nearly half of which attract imprisonment for failure.
Wonderful scenario for power business in this country! Who and when is to correct this milieu for a better atmosphere in attracting business in future?
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