States’ electricity discoms are set to miss their target of paring down aggregate technical and commercial (AT&C) losses to 15 percent by the end of the current fiscal under the government’s flagship scheme Ujwal Discom Assurance Yojana (UDAY).
The government had launched the scheme in November 2015 with an objective of financial turnaround of the state power distribution corporations (discoms).
At the time of launch, the government had set a target to reduce AT&C losses to 15 percent by FY19-end. Cumulative losses for 26 states and Union Territories (UTs) have, however, reduced to 20.58 percent as of January 10, according to the UDAY website. Read More