State electricity distributors to Launch Bond Sales Soon

India expects its electricity distributors to start selling bonds from January onward as part of a federal program to reduce their losses, which stand at an estimated 2.46 trillion rupees ($44.54 billion), and boost the ailing power sector, a senior government official said. The federal program — approved by the Prime Minister Manmohan Singh-led government in September — includes the restructuring of 1.60 trillion rupees of short-term loans at ailing electricity distributors, Power

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