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9th INTEGRATED RATINGS OF STATE POWER DISTRIBUTION UTILITIES AND RANKINGS

Union Power Minister releases 9th Integrated Ratings of State Power Distribution utilities and Rankings for the rating period FY 2019-20.
Key Points
  • While releasing Integrated Ratings for State Power Distribution Utilities, minister underlines that, Annual Integrated Rating exercise for rating period 2019-20 covering 41 State Power Distribution Utilities has been completed with participation of all utilities.
  • According to minister, Indian Power sector will benefit from a fair and accurate assessment of true position of distribution sector. It will also help in assessing & improving its performance.
  • This exercise would also assist State Governments, lending institutions and other stakeholders in taking important decisions.
  • The Ninth Integrated Ratings have been carried out by ICRA Analytics Limited (IAL) & CARE Advisory Research & Training Limited (CART), the consulting arms of ICRA ratings and CARE respectively.

    Power Ministry has mandated Power Finance Corporation (PFC) to co-ordinate with the utilities, rating agencies & MoP during the rating exercise.

Electricity (Rights of Consumers) Rules, 2020

Minister underlined; these rules were notified by government with the objective of focusing on consumer empowerment. This initiative will put consumer at center-stage. It is an important step of improving Ease of Living and Ease of Doing Business in India. Government of India is also supporting States in strengthening Distribution system in order to provide 24×7 power supply across all households with the help of schemes like Deendayal Upadhyaya Gram Jyoti Yojana and Integrated Power Development Scheme.

 

Tags: Current Affairs, Economics

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