The beleaguered power sector in Rajasthan is on the path of recovery even though it is set to miss the targets under the Uday and PAT scheme of reducing the transmission and distribution losses to 15% by the end of the current financial year.
Modi’s UDAY scheme: UP discom ‘nowhere near target’ to cut losses; you’ll be surprised who is to blame
Narendra Modi government’s ambitious discoms’ rescue scheme, UDAY, recently witnessed a huge success with both Haryana power distribution companies posting profits after a gap of 15 years.
Moody’s today projected a stable outlook for power sector while its Indian affiliate ICRA said that reforms for the distribution sector under UDAY schemehave seen mixed results.
The electric utility, traditionally, is one of the most conservative and defensive sectors, with mostly government-controlled entities. After the opening of the sector, there is substantially private sector investment in both regulated and unregulated services.
Debt of coal-based power plants may nearly treble in three years to Rs 5 lakh crore if the issue of stranded electricity generation units is not addressed urgently, NITI Aayog chief executive officer Amitabh Kant said on Wednesday.
Railway minister Piyush Goel on Friday waived off haulage charges on all royal trains, including the Palace of Wheels. The move came during chief minister Vasundhara Raje’s meeting with the minister in New Delhi.
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 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.
The gap between average cost of power supply and average revenue of state power distribution companies has narrowed showing positive impact of the Centre’s Ujwal Discom Assurance Yojana(Uday), a power ministry statement said.
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.
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.