Four More MoUs Signed With Govt Under UDAY Scheme

Four More MoUs Signed With Govt Under UDAY Scheme

On the 2nd Anniversary of Ujwal DISCOM Assurance Yojana (UDAY) today, the Government of India signed four Memorandum of Understanding (MoU) under the Scheme with the State of Nagaland and with Union Territories (UTs) of Andaman & Nicobar Islands, Dadra & Nagar Haveli & Daman & Diu for operational improvements.

Addressing Debt Under UDAY : ACS-ARR Gaps Come Down By Almost 14 Paise Per Unit And AT&C Losses Reduce By Almost 1% in FY 17

The process of States taking over the targeted debts and issuing them as SDL Bonds has now been completed. According to MoP, as of now, the participating DISCOMs have to issue Bonds worth approximately Rs. 37,000 crores, which would be done in due course.

Addressing Debt Under UDAY : ACS-ARR Gaps Come Down By Almost 14 Paise Per Unit And AT&C Losses Reduce By Almost 1% in FY 17

Power ministry’s flagship scheme, Ujwal DISCOM Assurance Yojana (UDAY) was launched in November, 2015 and has completed more than one year of operation .

UDAY Makes A Difference In Discoms’ Finances

UDAY Makes A Difference In Discoms’ Finances

The Ujjwal Discom Assurance Yojana (UDAY) introduced by the Narendra Modi government to reduce interest burden on debt-laden power distribution companies (discoms) seems to be finally yielding results, bolstering hope that 24×7 power supply would become a reality.