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.

PM Narendra Modi Reviews Progress Of India’s Flagship Scheme–UDAY As Also Mineral Block Auctions

Union Minister Piyush Goyal, and senior officials from PMO, NITI Aayog and other Ministries were present during the meeting

PM Narendra Modi Reviews Progress Of India’s Flagship Scheme–UDAY As Also Mineral Block Auctions

So far, 26 States and 1 UT have joined Ujwal Discom Assurance Yojana (UDAY) for financial and operational turnaround of their DISCOMs. Out of Rs.3,75,430 crores debt of state owned power distribution utilities, as existing on 31-03-2015, UDAY States account for Rs.3,62,231 crores of debt.

UDAY Scheme: Progress Snapshot

UDAY Scheme: Progress Snapshot

As on 30.09.2015 total debt of all State owned DISCOMs was Rs. 3.95 lakh Cr. The 26 states and 1 UT which have joined the UDAY scheme account for total outstanding debt of Rs. 3.82 lakh Cr. Hence, ~97% of the total outstanding debt of all State DISCOMs has been covered under UDAY.

Union Minister Piyush Goyal to Visit London Next Week, To Announce A Major Investment of £100 million By EESL

Speaking to EnergyInfraPost.com, MD, EESL, Saurabh Kumar confirmed the move and said the announcement will be made by the minister in London during his visit this week.

Union Minister Piyush Goyal to Visit London Next Week, To Announce A Major Investment of £100 million By EESL

Union Minister of State For Power, Renewable Energy, Coal and Mines, Piyush Goyal will visit London this week and make a major announcement on the plans of state-run Energy Efficiency Services Ltd (EESL) to invest £100 million in UK over the next three years.

Follow India The LED Way

Follow India The LED Way

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).

With DISCOM losses at Rs 50,000 crore, Tamil Nadu to join UDAY in few days

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.

With DISCOM losses at Rs 50,000 crore, Tamil Nadu to join UDAY in few days

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.