Sikkim is likely to join Ujjawal Discom Assurance Yojana (UDAY) next week taking the tally of states accepting the centre’s electricity distribution revival scheme to 22, amid growing focus on power reforms.
“A memorandum of understanding for this would be signed in 7-10 days,” said an official close to the development. The north-eastern state had an average AT&C loss level of 45.51 per cent, at the end of March 2015. The state government has projected bringing down the losses to 20 per cent by 2021-22.
UDAY was launched by the government in November 2015 to ensure financial stability for debt-ridden distribution utilities. Sikkim’s power department had nil outstanding debt at the end of March 2015, power minister Piyush Goyal had said in a written reply in Lok Sabha last August. Read More…
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