New Delhi, Jan 23 (KNN) The government will soon approve the power tariff policy which would provide for a penalty for unscheduled power cuts by distribution companies from April 1, said R K Singh, Union Power Minister.

"The proposal for tariff policy ready and will soon go for Cabinet approval. The policy provides for penalty for unscheduled power cuts except in the case of technical faults or act of God (natural calamities)," Singh said during an interaction with media persons here.

In addition, second version of UDAY scheme (UDAY 2.0) meant for revival of debt-laden discoms is being worked out and would be launched with more technological interventions to reduce their aggregate, technical and commercial losses.

He also informed that state power regulators would ascertain the penalty on discoms for voluntary load shedding.

About stressed assets, he said that as many as nine such power projects with total capacities of 11,400 MW have been resolved while efforts are on to bring others out of woods.

There were 60 stressed power projects in the country, he noted.