In a turnaround of financials of state discoms, like those of Maharashtra, Rajasthan and Madhya Pradesh, following government initiatives in the last one year
India plans to introduce smart meters on a large scale to help discoms check power theft and reduce their commercial losses, which have eroded viability of the state power sector.
Power distribution companies (discoms) have saved as much as Rs 15,000 crore till March this year from implementation of the UDAY scheme, which will help restore their viability that has eroded due to unbearable debt burden.
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.
Power ministry’s flagship scheme, Ujwal DISCOM Assurance Yojana (UDAY) was launched in November, 2015 and has completed more than one year of operation .
The news on the Ujjwal Discom Assurance Yojana (UDAY) is a mixed bag. On the positive side, the financial metrics of state power distribution companies (discoms) improved in nine months of FY17, with their interest cost burden falling to 8.5%, as against 13% earlier. However, sustaining this performance would be a challenge in FY18 when […]
The Centre has made it clear that it has no plan to reduce the tenure of long-term power purchase agreements (PPA) from 25 years to five years and it is entirely for distribution companies (discoms) to decide how they manage power purchase portfolio.
The financial and operation performance of discoms which have joined the Ujwal Discom Assurance Yojana ( UDAY) scheme have improved on an average during the last fiscal, said India Ratings (Ind-Ra).
The Haryana government today said it will provide Rs 750 crore loans to discoms at a concessional rate of interest, about 3 per cent lower than the market rate, under the UDAY scheme.
The Modi government’s prescription for ailing state power distribution companies is slowly putting them back in shape and reducing the duration of blackouts in the nearly two years since the treatment began.
Toeing the line of electricity distribution companies in Uttar Pradesh and Andhra Pradesh, Karnataka-based discom Bescom has cancelled the power purchase agreements (PPAs) of 75.6 MW wind power projects commissioned before March 31.