Stories

World Bank offers help to investors

The World Bank has offered financial assistance and risk guarantee for investor comfort in a bid to encourage private sector participation in the management of ailing power distribution companies (DISCOs).

As efforts are underway to hand over management control of DISCOs to the private sector, the Power Division has drawn up an innovative plan to reduce circular debt in the energy chain. The division intends to appoint the International Finance Corporation (IFC), an arm of the World Bank, as transaction adviser for handing over management control of DISCOs to private investors.