SEB debt restructuring must come with conditions: Former Power Secretary
The government is expected to approve a large SEB (state electricity boards) debt restructuring package. The package may include converting half of the SEB debt into state government bonds while the rest of the 50 per cent would be rescheduled through the banking system. RV Shahi, Former Power Secretary says that package will be important to try and restore the financial health of SEBs. he however adds that the government must ensure stringent conditions on power tariffs and T&D reform be built in to the restructuring package.
