UDAY a success: India’s power distribution system shows clear signs of revival

UDAY a success: India’s power distribution system shows clear signs of revival

NEW DELHI: India’s power distribution system is showing concrete signs of revival and lower operational losses as chronically inefficient states have significantly narrowed the gap between cost and revenue, reduced unmetered supply and are planning large bond issues in 10 days.

Officials say of the 16 states part of the Centre’s distribution utility revival scheme-—Ujwal Discom Assurance Yojna (UDAY) —at least eight have a lower gap between their average cost of electricity supply and average cost of realisation.

According to one official, Uttar Pradesh distribution companies are set to launch state-government guarantee-backed bond issue worth Rs 5,000 crore starting October 6 to meet operational requirements. Read more…

 

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