India will achieve its ambitious target of lighting the homes in all its villages by 2018, although continuous supply of power may have to wait until reforms in the sector become more visible and tangible, PV Ramesh, who heads the country’s rural power financing agency, told ET.
India has both idle power generation capacity and huge unmet demand for electricity: Yet, primarily state-run power distribution companies are reluctant to buy more to avoid financial burden on their otherwise stressed balancesheets. The government introduced UDAY (Ujwal Discom Assurance Yojana), a programme to revive the beleaguered discoms.While UDAY’s benefits are already visible on the financial side, the discoms are yet to start buying more power.
He said that the mismatch in demand and supply would continue until discoms fully adopt the three-step approach of UDAY, entailing financial restructuring .. Read More…
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