NEW DELHI: The Narendra Modi government’s Rs 3.3 lakh crore plan to replace all 25 crore traditional meters in the country with pre-paid meters in the next three years could by far be the smartest move till date to improve the financial health of discoms (distribution companies).
Preliminary results of implementation of the programme in Bihar and Union territory of Jammu & Kashmir, both traditionally considered as laggards, show a sharp uptick in all financial parameters of the respective discoms -- from billing efficiency, recovery of arrears to actual consumption getting reflected.
