The upcoming Union Budget may bring about a new policy to reduce the losses of power distribution company and revive them.
Union Power Minister RK. Singh on Monday said that the Power Ministry has discussed and proposed the new scheme with the Finance Ministry and was hopeful that it would find place in the Budget 2020-21.
The new scheme would include elements of the current UDAY scheme and would provide assistance for reduction of discoms’ losses, he told reporters on the sidelines of an event here.
Allocations under the new scheme will make allocations based on efficiency.
The minister said that the government aims to reduce the losses of discoms to 15 per cent from 18.79 per cent loss in the financial year 2018-19.
