State to derive an Overall Net Benefit of approximately Rs. 198 crores through UDAY
With sales of LED bulbs exceeding 6 lakh a day, India can proudly claim achieving a substantial benchmark of distributing over 20 crore LED bulbs under its flagship UJALA scheme and more than 10 crore by the industry outside the UJALA scheme. Alongside, close to 16.5 Lakh Street bulbs have been replaced with LED Lights throughout the country under Street Lighting National Programme (SLNP).
Tamil Nadu's joining the scheme will make the UDAY club grow to 21. States of Assam and Telangana have signed MoUs early this week, a move that will see an overall net benefit of approximately Rs 6116 crores accruing to Telangana and Rs 1663 crores to Assam.
Power ministry’s flagship scheme, the Ujwal DISCOM Assurance Yojana (UDAY) will have soon have an important state-Tamil Nadu on board, likely by next week. With Discom losses of Rs 50,000 crore, Tamil Nadu’s joining will see over 90% of total DISCOM debts getting covered under the UDAY scheme.
UDAY Club grows to 20, Assam and Telangana sign MoUs. Overall Net Benefit of approximately Rs. 6116 crores to Telangana and Rs. 1663 crores to Assam States with over 90% of Total DISCOM Debts to be covered under UDAY after Tamil Nadu comes on board: Piyush Goyal
In line with the government’s “Digital India Initiative’, Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal launched the Ujwal DISCOM Assurance Yojana (UDAY) Web Portal & Mobile App, in the capital on Wednesday. The portal and App would help track and monitor the progress of DISCOMs on […]
A Memorandum of Understanding (MOU) under UDAY was signed on October 7th between the power ministry (Government of India), the State of Maharashtra and the DISCOM of Maharashtra (MSEDCL).
Maharashtra has become the 17th State to join the UDAY – “Ujwal DISCOM Assurance Yojana”, the Centre’s financial and operational turnaround scheme for state power distribution companies (DISCOMs). The move will see the state reap benefits of Rs 9,725 crores by way of cheaper funds, reduction in AT&C losses and enable it to eliminate the gap between cost of supply of power and realisation.
Citing a social audit of about 4,500 people conducted by Price Waterhouse Coopers (PwC) in SDMC area in May 2016, EESL said the audit shows that at an average 99.5% people feel that the LED street lights have contributed in enhancing the security of the vulnerable groups during nights. About 99.75% of the people responded that the intensity & the brightness of the LED street lights is better than the earlier street lights.
Energy Efficiency Services Limited (EESL) has strongly refuted all claims of having installed faulty LED street lights in their project in the South Delhi Municipal Corporation (SDMC) area. Under the Government of India’s Street Lighting National Programme (SLNP), over 1.98 lakh conventional street lights have been replaced with LED street lights in Delhi.
The scheme is presently operational in 18 states and 4 Union Territories and will be rolled out soon in West Bengal and North Eastern states in the coming days. In the remaining states and Union Territories, the decision to roll out the scheme is pending with the respective state governments.
600 Families to Benefit from 1,800 Led Bulbs Provided under Government of India’s Ujala Scheme
Even though Maharashtra did not have any major financial losses, the financial efficiencies under UDAY could benefit the state to the tune of Rs 1500 crore every year
The Ujwal Discom Assurance Yojana (UDAY) is unlikely to have a destabilising effect on fiscal consolidation at an aggregate