What’s in the news?

• Prime Minister Narendra Modi has launched 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.
• 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.
• 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.

Reference:

1. https://pib.gov.in/PressReleasePage.aspx?PRID=1846475