The financial and operation performance of discoms which have joined the Ujwal Discom Assurance Yojana ( UDAY) scheme have improved on an average during the last fiscal, said India Ratings (Ind-Ra).
However, it said the aggregate performance of the scheme masks wide inter-state variations.
“Our initial assessment of UDAY scheme suggests that both financial outcome and operational efficiency of reduction in AT&C losses have improved at an aggregate level,” Ind-Ra said in a study.
Since different states joined UDAY at a different point of time, with the majority (17 states) of them joining in FY17, the time elapsed by then until now is too short to assess the success of the scheme. Read More…