Page 50 - Banking Finance October 017

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Performance and expectation for the household, and enable DISCOMs to collect payments
from a single entity.
Thirdly, improve the supply situation for electrified
households. In Bihar, Jharkhand and Uttar Pradesh, more
Fifthly, cater to people’s aspirations. This will create a
than one-third of electrified households received less than
willingness to pay for the service. In a favourable political
four hours of supply during the day. Also, more than one-
atmosphere, if rural households were to be provided quality
third households experienced at least four days of voltage
supply via prepaid metering, it could potentially nudge them
fluctuations in a month. DISCOMs need to better plan for
to make timely payments. Uttar Pradesh and Haryana are
their infrastructure, factoring in near term increase in
considering procuring 50 lakh smart meters in a model
demand, strengthening maintenance, and improving supply.
resembling the LED success story. Advanced market
Fourthly, explore innovative business models. Managing rural commitments and large scale procurement could drive down
customers, particularly in remote areas, is a challenge. prices.
Maintenance and operations such as reading meters,
generating bills, and collecting revenues, are key concerns. Former power minister Piyush Goyal acknowledged that
To better manage their services, discoms could explore a success depends on curbing discom losses and consumer
franchisee model by collaborating with local mini-grid honesty. Distributed generation could complement
operators. centralised grid electricity to resolve both, and ensure
sustained use of electricity not just for rural households, but
A potential business model involves mini-grids importing grid also for the entire rural economy including farms, schools,
electricity and supplementing with their own generation hospitals, and small businesses. It would lead to improved
during times of peak demand. This kind of tail-end consumer satisfaction, as electricity truly becomes an
generation model would ensure improved electricity supply enabler of prosperity in rural India. (Source : Business Line)

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ICICI Pru AMC plans real estate investment

ICICI Prudential Asset Management Co. (AMC) Ltd has plans to set up a real estate investment platform with a corpus
of almost $400 million. The AMC already has significant assets under management (AUM) in the mutual fund segment
and caters to portfolio management services for investors spread across the country, along with advisory mandates for
clients across international markets in asset classes such as debt, equity and real estate.

BANKING FINANCE | OCTOBER | 2017 | 49

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