Prime Minister Narendra Modi said on Thursday that his government’s approach for the power and renewable energy sector has been holistic and guided by four mantras — reach, reinforce, reform, and renewable energy. “For reach, last mile connectivity is needed.
This reach needs to be reinforced by installation capacity, for that reform is needed. Along with all this, renewable energy is the demand of the time,” said the Prime Minister when addressing a webinar on effective implementation of the Union Budget provisions in the power and renewable energy sector.
With this he set the pace for quick implementation of the Budget proposals, while also ensuring that the message goes loud and clear to all stakeholder that the success of any reform process in the power sector is dependent on how the States respond.
In her latest Budget, Finance Minister Nirmala Sitharaman said: “The distribution companies across the country are monopolies, either government or private. There is a need to provide choice to consumers by promoting competition. A framework will be put in place to give consumers alternatives to choose from among more than one distribution company.