The objective of the Madhya Pradesh Power Sector Program II is to make the power sector financially sustainable, resulting in net fiscal inflows to the Government. The Program will continue promoting power sector reforms at the state level, by financing further costs of adjustments. The implementation of the Program is built around five pillars: (i) implementation of the financial restructuring plan, ii) align the financial restructuring plan with the medium term fiscal frameworks, (iii) ensure full autonomy for the power sector companies, (iv) improve legal and regulatory compliance, and (v) enhance awareness and communication with stakeholders. The Program period is expected to be 3 years.
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