UDAY needs four transformational steps

Several states are falling behind in meeting the goals of the scheme

Vivek Sharma 

Vivek Sharma State electricity distribution companies, or discoms, may be up against a wall given the steep loss-reduction target set under the Ujwal Discom Assurance Yojana (UDAY), which aims to improve their financial health.   While the central scheme takes over 75 per cent of a discom’s debt (the state has to raise the balance 25 per cent by issuing bonds), and rightly focuses on cost recovery to bring down the interest burden quickly, it also harps on reducing aggregate technical and commercial (AT&C) losses to 14 per cent by 2020 and hiking tariffs as required over this ...

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