Union power minister Piyush Goyal has said that the new exchange traded fund, Bharat 22, will provide a big boost to the power and energy sector infrastructure development plans by helping the government raise necessary funds via disinvestment programme.
The Union power ministry’s policy for auction of long-term coal linkages can prove a real game-changer in the Indian electricity sector if state-owned utilities make use of it to harness private sector’s efficiency in generation.
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.
Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal said state-owned NHPC Ltd is scheduled to generate 4458.69 Million Units (MUs) additional power (based on design energy) from two of its present under construction hydro projects, viz.
As per DFS data, the total advances towards electricity generation sector reported by Scheduled Commercial Banks (SCBs) is about Rs. 4.71 lakh crore and most of them are standard assets.
Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Mr Piyush Goyal informed the Upper House of the Parliament (Rajya Sabha) that Government has reviewed the status of 34 stressed Thermal Power Projects, as per the list provided by Department of Financial Services (DFS), with an estimated debt of about
Rs. 1.77 lakh crore.
As many as 3,285 inaccessible villages have been electrified in various States across the country under Decentralized Distributed Generation Scheme, minister Piyush Goyal said.
Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal, in a written reply to a question in Rajya Sabha on Monday informed that as per information provided by the States, 13,872 un-electrified census villages have been reported to be electrified up to 30th June, 2017, out of 18,452 un-electrified villages in the country as on 1st April, 2015.
Prime Minister Narendra Modi on Friday reviewed the progress of the India’s flagship scheme–Ujwal DISCOM Assurance Yojana (UDAY) for the operational and financial turnaround of state distribution companies and
various aspects of mineral block auction at a high level meeting today.
Union Minister Piyush Goyal, and senior officials from PMO, NITI Aayog and other Ministries were present during the meeting
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.