‘Govt must learn from its failure before launching UDAY 2’

‘Govt must learn from its failure before launching UDAY 2’

While the Centre plans to come up with Ujwal DISCOM Assurance Yojana (UDAY) 2.0 after the first one failed, experts feel this version of the scheme will meet the same fate as the government has not learnt anything from its experience.

“The government must take care of three things in the new scheme. First, it should ensure that short-term borrowings by DISCOMS are monitored. Second, DISCOMS should get regular payments.

Third, all states should follow one methodology to measure aggregate technical and commercial (AT&C),” Ashwin Gambhir from Pune-based non-profit Prayas said at an event organised by New Delhi-based non-profit Centre for Science and Environment (CSE) on the state of renewable energy.

While giving an overview of UDAY, Jatin Babbar, associate director of KPMG, said there were few hits and many mores misses. Read More

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