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Can Uttar Pradesh emerge as a poster boy for India’s power sector reforms?

Can Uttar Pradesh emerge as a poster boy for India’s power sector reforms?

The Bharatiya Janata Party’s victory in Uttar Pradesh, among other things, may accelerate power sector reforms in India.

The Yogi Adityanath-led government has signed an agreement to provide round-the-clock electricity in less than two years. That is a Herculean task for the state where eight-hour power cuts are a norm. But optimism is in the air.

Ground checks and interactions by IIFL Institutional Equities with state power distribution companies (discoms) show there is a “strong intent” to change the existing inefficient system. According to the broking firm, Uttar Pradesh is steering a turnaround of the electricity sector through change in working culture at the discoms, reduction in losses, costs and infrastructure improvements, with central government support. Read more…

Can Uttar Pradesh emerge as a poster boy for India’s power sector reforms?