Piyush Goyal

MoS (INDEPENDENT CHARGE) FOR POWER, COAL, NEW & RENEWABLE ENERGY AND MINES

PIYUSH GOYAL’S FISCAL reforms of power discoms are yielding result—27 states and UTs signed on to the UDAY scheme, forcing states to take on 75 per cent of the debt on distribution companies’ books, in return for a commitment to good practices in power procurement, distribution and billing. His efforts to push 227 million LED lamps cut energy demand by an additional 2 per cent. “We worked on a 3S principle:

skill, speed and scale,” he says. “This allowed us to achieve the jump in coal production and unlock the power sector.” The coal production jump he is referring to is the turnaround in Coal India’s production graph. In the past three years, output has climbed to 554 million tonnes from 462 mt in 2013-14. Coal India is now finding it difficult to find enough buyers for its output. The fruits of UDAY would result in 24X7 electricity to all. For this last push, though, Goyal needs to ensure stricter monitoring.