Mines Should Be Operationalised Faster After Auction: PM Narendra Modi

Mines Should Be Operationalised Faster After Auction: PM Narendra Modi

Team EnergyInfraPost

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. During the meeting, Mr Modi called for faster operationalisation of mines after their auction.

Senior Government officials briefed him on aspects such as addressing of debt, monitoring frameworks, improvement in financial parameters, operational achievements, and consumer empowerment.

A PMO release said that Modi was given a presentation on coal mine and mineral block auctions by senior government officials.

“The Prime Minister emphasised on a roadmap for faster operationalisation of mines, post-auction,” the release said.
Modi also insisted on greater coordination between all mineral-related departments and mapping of regions with geological potential.

The Prime Minister also reviewed the progress of the Ujwal DISCOM Assurance Yojana (UDAY).
The release said senior government officials briefed the Prime Minister on aspects such as addressing debt, monitoring framework, improvement in financial parameters, operational achievements and consumer empowerment.

The UDAY scheme provides for financial turnaround and revival of power distribution companies (DISCOMs).

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.

The States/UT under UDAY scheme include Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Punjab, Rajasthan, Sikkim, Tamil Nadu, Telangana, Tripura, Uttar Pradesh, Uttarakhand and Puducherry.

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States and their Distribution Utilities have issued Bonds worth Rs.2.32 lakh crores.

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