In a significant development, Prime Minister Narendra Modi is set to launch the Ministry of Powers’ flagship programme, the Retail Sector Program Overhaul, which aims to improve the operational efficiency and financial viability of retail companies ( DISCOM) and electric utilities, announced an official statement on Friday (July 29).
The program will be launched by Prime Minister Modi during a broadcast marking the culmination of Ujjwal Bharat Ujjwal Bhavishya Power @2047 on July 30 at 12:30 p.m. via video conference.
With an expenditure of over Rs 3 lakh crore over a five-year period from FY 2021-22 to FY 2025-26, the program aims to provide financial assistance to DISCOMs for upgrading and strengthening the distribution infrastructure, focusing on improving the reliability and quality of supply to end consumers, the Primature said in one version.
It also aims to reduce AT&C (Aggregate Technical and Commercial) losses to pan-India levels of 12-15% and the ACS-ARR (Average Cost of Supply-Average Revenue Realised) gap to zero by 2024-25 by improving operational functioning. the efficiency and financial viability of all DISCOMs and public sector electricity services.
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