Business

India Bars Some States From Power Exchanges as Unpaid Bills Rise

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India’s loss-making, state-run retailers are often seen as the weakest link in the country’s electricity industry, causing distress that trickles through the chain, from power producers, to coal suppliers and project lenders. Nearly 90% of the nation’s electricity is sold through these utilities and their inability to pay on time is seen as impeding investments to modernize infrastructure and provide reliable power supply. 



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