In a significant development, Prime Minister Narendra Modi is set to launch the Ministry of Power’s flagship Revamped Distribution Sector Scheme, which is aimed at improving the operational efficiencies and financial sustainability of the Distribution Companies (DISCOMs) and power departments, an official release said on Friday (29 July).
The scheme will be launched by PM Modi during a programme marking the culmination of ‘Ujjwal Bharat Ujjwal Bhavishya – Power @2047’ on 30 July at 12.30 pm via video conferencing.
With an outlay of over Rs 3 lakh crore over a period of five years from FY 2021-22 to FY 2025-26, the scheme aims to provide financial assistance to DISCOMs for modernisation and strengthening of distribution infrastructure, focussing on improvement of the reliability and quality of supply to end consumers, the Prime Minister’s Office said in a release.
It also aims to reduce the AT&C (Aggregate Technical and Commercial) losses to pan-India levels of 12-15 per cent and ACS-ARR (Average Cost of Supply-Average Revenue Realised) gap to zero by 2024-25 by improving the operational efficiencies and financial sustainability of all state-sector DISCOMs and power departments.