Aimed at reviving investment, Electricity Bill shows sparks of reform

Having failed twice to push amendments to the Electricity Act, 2003 in 2014 and 2018, the Centre has issued a new set of reforms through the Electricity Bill, 2020. Aimed at reviving investment and tightening regulations for the chronically loss-making power distribution business, the proposals mark some steps, rather than a great leap, forward. The state-owned power distribution companies (discoms) remain the weakest link in the electricity supply chain even after three financial restructurings. One of them was Ujjwal Discom Assurance Yojana or UDAY, a financial turnaround package intro.....

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