India asks power producers to seek weekly payments to manage coal imports

NEW DELHI (Reuters) - India has asked power producers to bill electricity buyers every week to ensure adequate cash flow as costs surge due to higher imports of expensive coal, according to a federal power ministry letter seen by Reuters.

India asks power producers to seek weekly payments to manage coal imports
NEW DELHI (Reuters) - India has asked power producers to bill electricity buyers every week to ensure adequate cash flow as costs surge due to higher imports of expensive coal, according to a federal power ministry letter seen by Reuters.