Another power supplement!
There is no doubt that the power sector is ailing. Although state DISCOMs have managed to leverage UDAY by paring financial losses from Rs 515 billion in FY16 to Rs 348 billion in FY17, a marginal decrease in AT&C losses seems to be the bone of contention, as what has been envisaged has not been achieved yet, except bailing-out nonperformers.
AT&C losses have shown only marginal improvement
The key objective of UDAY was financial turnaround of power distribution companies (discoms), which would have led to purchase of more electricity, reduced load-shedding and improved hours of supply.
Waning hope for UDAY!
Although state discoms have managed to leverage UDAY by paring financial losses from Rs.51,589.51 crore in FY16 to Rs.34,826.87 in FY17, a marginal decrease in AT&C losses seems to be the bone of contention, as what has been envisaged has not been achieved yet, barring bailing-out non-performers.
Brightening up Households
Uninterrupted and quality power supply is a precursor to economic development for any country. Electricity transforms people's lives and spurs them towards a better future.
Road Ahead for New TPPs in India
Millions of Indians are yet to see the light of the day, without electricity connection. Pace of demand growth is far behind that of supply. The fossil fuels are being relegated and renewable sources are inducted in a big way.
Impressive performance, Piyush
In the little over three years when Piyush Goyal was at the helm as the Minister of State with Independent Charge for Power, Coal and New & Renewable Energy, he has brought in a visible transformation in the complex process chain of the economically crucial power sector.
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