Over twelve months after Union Power Minister R K Singh asked the Central Electricity Authority (CEA) to develop norms regarding “establishment costs” of power distribution companies (discoms), the CEA
UP Power Corporation will now penalize agencies if consumer doesn’t get the electricity bill on time. Corporation MD and chief secretary (Power) Alok Singh gave the directions at a high-level meeting on Wednesday.
In November 2015, the government launched an ambitious scheme, Ujwal Discom Assurance Yojana (UDAY), to improve the financial health and operational efficiency of India’s debt-ridden power distribution companies (discoms).
While the UDAY scheme for revival of electricity discoms has been dawdling since its November 2015 launch, the Narendra Modi government’s ambitious household electrification scheme Saubhagya seems to have put a new speed-breaker on its path.
The discussion, on ‘Bankers’ perspective on renewables’, moderator by former Chairman of State Bank of India, Arundhati Bhattacharyya, and part of RE Invest 2018.
The Ujjwal Discom Assurance Yojana (UDAY) scheme started by the Ministry of Power in 2015 could be a model for the rest of the world, global bankers participating in a panel discussion on renewable energy felt.
By last week, more people had begun to realise that the emperor actually had no clothes on. Maharashtra Energy Minister, Chandrashekhar Bawankule, informed the state legislative assembly that at least three (state-owned) power companies