Refinery upgradation plans

AFTER a full year of criticism that while it had stabilised the economy it had offered no vision for reform, the government is finally moving. A string of recent announcements makes the reform path clearer. Refineries are being asked to upgrade their operations in return for concessions granted in the Brownfield Refinery Upgradation Policy. A number of power distribution companies are being prepared for privatisation, and the ministry has announced the beginning of power wheeling, an important reform stuck in limbo since 2017 and an essential plank in any effort to reform power pricing. The…