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
Distribution serves the most vital function in India’s power supply chain, yet it is also possibly the weakest link. State discoms continue to make losses despite multiple bailouts. While the government’s Ujjwal Discom Assurance Yojana (UDAY) scheme seeks to reduce discom losses, there is hardly any impact on their financial status.
The beleaguered power sector in Rajasthan is on the path of recovery even though it is set to miss the targets under the Uday and PAT scheme of reducing the transmission and distribution losses to 15% by the end of the current financial year.
The electric utility, traditionally, is one of the most conservative and defensive sectors, with mostly government-controlled entities. After the opening of the sector, there is substantially private sector investment in both regulated and unregulated services.
Debt of coal-based power plants may nearly treble in three years to Rs 5 lakh crore if the issue of stranded electricity generation units is not addressed urgently, NITI Aayog chief executive officer Amitabh Kant said on Wednesday.