The on Tuesday decided to lend Rs 750 crore to theJharkhandBijli Vitran Nigam Limited (JBVNL), state discom, for improving the erratic power situation across the state.
The decision was taken after chief minister Hemant Soren held a review meeting of the current situation of the outages following routine reports of it in the media. Soren also gave nod for Rs 200 crore to JBVNL under annual development plan scheme for Infrastructure upgrade across the district.
To help JBVNL purchase extra power from the central pool, the state government will now provide it Rs 750 crore loan from Power Finance Corporation.