24x7 quality, reliable, affordable power supply necessary to become a developed nation: R K Singh

New Delhi: Union Power Minister R K Singh has said that 24x7 quality, reliable, and affordable power supply to all the electricity consumers in the country is necessary for India to become a developed nation. The minister emphasised that the importance of a viable and modern power sector in the overall economic growth of the country.

Most discoms have started implementing reform measures prescribed by Power Ministry

The Minister for Power, New, and Renewable Energy chaired the Review Planning and Monitoring (RPM) meeting with states and state power utilities, the Ministry of Power said in a statement. Most of the DISCOMs have started implementing the reform measures prescribed by the Ministry of Power under its various initiatives like the Revamped Distribution Sector Scheme (RDSS), Additional Prudential Norms, and Late Payment Surcharge (LPS) Rules 2022, Singh said.

Discoms & Gencos have benefitted from Late Payment Surcharge Rules

The DISCOMs as well as GENCOs have benefitted from the Late Payment Surcharge Rules 2022, the statement dated April 10 said. The Minister also launched the 11th Integrated Rating of Power Distribution Utilities 2022, 2nd Consumer Service Rating of DISCOMs 2022, and the State Energy Efficiency Index 2022.

'Integrated Ratings of 24 discoms have improved from previous year ratings'

"Integrated Ratings of 24 discoms have improved from previous year ratings. Four discoms, namely MESCOM, CHESCOM and GESCOM, and AP Eastern DISCOM, have shown notable improvement by three notches. Further, eight discoms viz. MSEDCL, APDCL, Ajmer, KSEB, HESCOM, BESCOM, Odisha South, and Odisha North Discoms have improved their ratings by two notches," the statement said.

The collective effort from all the stakeholders including state/central government, utilities, and industry will ensure seamless transition towards an economically viable and environmentally sustainable power sector in the country, Singh said.

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