Power Ministry has sent the note on financial restructuring of state discoms to the cabinet for final approval, a top ministry official on Friday said.
As per the proposal, the state electricity boards of Jharkhand, Bihar and Karnataka will be allowed to convert their outstanding loans, till March 2013, into bonds as part of an amendment to the discom debt restructuring package.
“We have sent the note to the (Cabinet) Secretariat for the final nod,” Power Secretary P K Sinha told reporters here on the sidelines of Indian Energy Summit.