Transmission towers stand near the Shin Kori nuclear facility, operated by Korea Hydro & Nuclear Power Co. Ltd., a unit of Korea Electric Power Corp. (Kepco), in Ulju, Ulsan province, South Korea. (Photographer: Jean Chung/Bloomberg)

Discoms Won’t Get Power If They Don’t Provide Letters Of Credit To Generators

Jul 18 2019, 12:10 PMJul 18 2019, 12:10 PMJuly 18 2019, 12:10 PMJuly 18 2019, 12:10 PM

Electricity distribution companies won’t be supplied power if they don’t maintain letters of credit, a kind of payment security, as India looks to avoid stress build-up in the power sector.Power wi...