(ET)
Power minister R K Singh on Monday said the Centre’s Ujwal Discom Assurance Yojna ( Uday) was not a failure and reduced the average commercial losses to 18.79 per cent in financial year 2019. This is against 22 per cent a year ago, he said at an event.”Uday was not a failure,” he said adding the government targets to reduce the commercial losses to 15 per cent and will soon bring out a new scheme for the purpose.
Singh said his ministry has discussed contours of the new scheme with the finance ministry ahead of the Union Budget to be announced on February 1.The new scheme will club all the central schemes being run by the power ministry and the central assistance will depend on ‘conditionalities’, the minister said.
Singh said the discoms will have to agree to trajectories to reduce their losses and the financial assistance for technology upgradation, and infrastructure will be given contingent to the discoms meeting the trajectories.
