Power Minister Anant Geete said on Friday that the Electricity Bill, aimed at improving the power sector, would be considered in the forthcoming Budget session of Parliament beginning on February 17.

"The standing committee has cleared the Bill with a few suggestions and we are taking it up in the Cabinet on February 11," Geete told reporters on the sidelines a CII conference on the power sector.

The long-standing hurdles to improvement of the power sector would be eliminated once the Electricity Bill became an Act, Geete said and hoped that it would be cleared in the coming session of Parliament.

Geete said the sector required huge investments from domestic private players as well foreign direct investment, and this would come only if foreign investors were ensured security of their money invested in India.

"And for that this sector must become commercially viable. We are taking steps in this direction continuously and we need support from the states and state electricity boards," the minister said.

Earlier, power secretary R V Shahi said passage of the Electricity Bill would be followed by a National Tariff Policy in order to bring about uniformity in the tariff fixation procedure by state regulatory commissions.