Hits and Misses in Power Sector: A Throwback to the Last Decade
With an unparalleled amplification in the wind and solar capacity in the last few years, today India stands at the forefront of RE (renewable) power development. Moreover, as of 2018, we stand third when it comes to global electricity production. From generation, to addition in the country’s overall transmission capacity and reforms in distribution, the last decade has been very eventful. If we have a closer look at the comprehensive performance of Indian power sector, it won’t be inaccurate to call this a decade of mixed-bags. With each one of us already stepping aboard on a journey of a new decade, let’s have a look at some of the hits and misses for the Indian Power Sector . power sector The Hits: 1. The success of UDAY: Launched in 2015 by the Government of India, the Ujjwal DISCOM Assurance Yojna (UDAY) was announced to resolve the prime challenges in power distribution. The aim was to lessen the financial burden on state DISCOMs in a 2-step phased manner (...