The state of electricity supply in the country is not showing any sign of improvement as recent report put the Distribution Companies, Discos, which are the third leg of the value chain in deeper crisis than earlier envisaged. Similarly, generating capacity was said to have dropped again to about 3000MW in the past couple of weeks and plunging the country in darker situation.
Consequently, the fate of banks, which had taken over the discos as new investor-owners may be further imperiled by the threat to suspend the discos from the national grid due to outstanding debt to the Market Operator, contrary to the market regulations. The banks were given eight months to find suitable core investors to enable them exit from the discos, but they had preferred to operate them directly without any move to transit, which is worsening the power supply problem in the country.
