UDAY Scheme: Smarter Operations Must For Success

UDAY Scheme: Smarter Operations Must For Success

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 […]

Under BJP, UP Moves To Bite Bullet On Power Tariff Hike

Under BJP, UP Moves To Bite Bullet On Power Tariff Hike

Under the BJP government, UP’s power sector is on the revival path. After dithering for years over implementation of bold measures to bridge the revenue gap and restore UP Power Corporation Ltd’s financial health, the state has decided to bite the bullet on tariff increase for non-industrial consumers.

Benefits Of UDAY Scheme Have Started Showing With Steep Fall in Financial Losses of States, Piyush Goyal

More than the menace of T&D losses is the problem of unaccounted or unmetered connections that have not been shared by certain states. There were 63 lakhs unmetered connections in Uttar Pradesh, a trend that was so far kept under wraps by the previous state government.

Benefits Of UDAY Scheme Have Started Showing With Steep Fall in Financial Losses of States, Piyush Goyal

Impressive reduction in financial losses of states who have joined the UDAY (or Ujwal DISCOM Assurance Yojana) scheme have come to fore. Union minister of power, coal, RE and mines Piyush Goyal shared on Monday how the financial losses of Tamil Nadu are expected to come down by one-third this year while that of Rajasthan (that stood at Rs 15000 crore) will come down to about Rs 5500 crore.