The power ministry’s initiative, UDAY, to improve the financial and operational health of state distribution companies is not exactly new. Yet, it is novel since for the first time, the scheme links the financial benefits to operational milestones. UDAY, Ujjawal DISCOM Assurance Yojna, aims to strengthen the weakest link in the power sector supply chain, … Continue reading UDAY – Will the Discoms Rise Now..??!
The acquisition of Jaypee’s power unit by JSW Energy, the third for the company in recent past brings back focus on the sector. The sector also saw another big deal, namely Tata Power’s acquisition of Welspun’s renewable assets about a month back. Other than the domestic players, a number of foreign players are also participating in the … Continue reading Power Sector Consolidation – The Rationale..