India's standing committee on energy has called for the creation of a high level national task force to oversee power reforms. This would accelerate reforms and ensure states commit to a schedule to reduce transmission and distribution losses to 15-20% over the next three to five years and reduce cash losses by one-third every year, says the committee in a recent report. Noting that the bankruptcy of the state electricity boards is the single biggest bottleneck to energy efficiency, it suggests financial and operational performance targets need to be set with the release of funds dependent on target achievements by states. Regulatory authorities should be strengthened at both central and state levels and a one-stop clearance shop should be created for all approvals, it adds.
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