Moody’s today projected a stable outlook for power sector while its Indian affiliate ICRA said that reforms for the distribution sector under UDAY scheme have seen mixed results.
The UDAY will be an improvement over a regular AC coach, and will offer the following amenities
In what seems a throwback to history, only six states and one Union Territory among the 31 that had signed up since November 2015 for the power discoms’ revival scheme Ujwal Discom Assurance Yojana (UDAY) have reported meeting the respective FY17 targets to reduce aggregate technical and commercial (AT&C) losses.
Government’s UDAY scheme has helped debt laden DISCOMs of 24 states to reduce losses to Rs 36,905 crore in 2016-17 from Rs 51,590 crore in the previous fiscal, Parliament was informed today.
Attracted by proposed power sector reforms and India’s potential, Italy’s Enel Group is exploring the possibility of entering India’s electricity distribution business, two people familiar with the development said.
UDAY: Going To Get Tough For Discoms, Centre May Not Allow Losses Over 15 Pct To Be Passed On To Consumers
To ensure stricter UDAY-target compliance by discoms, the government will mandate via a new law that their losses due to pilferage/theft exceeding 15 percent can’t be considered for tariff determination.
There is a need for an introspection and course correction before taking up further amendments in the Electricity Act 2003.
Saubhagya Scheme And Intermittent Opportunities For Power Generation, Transmission And Distribution Sector In India; New Report Launched
Market Research Reports, Inc. has announced the addition of “Saubhagya Scheme & Intermittent Opportunities for Power Generation, Transmission and Distribution Sector in India” research report to their website www.MarketResearchReports.com
The Central government has today signed 4 Memorandum of Understandings (MoUs) under the UDAY scheme with Nagaland and 3 Union Territories for operational improvements of discoms (state power distribution companies).
Nagaland, Andaman & Nicobar Islands, Dadra & Nagar Haveli & Daman & Diu Sign MoU With Government Of India Under UDAY Scheme
On the 2nd Anniversary of Ujwal DISCOM Assurance Yojana (UDAY), the Government of India signed four Memorandum of Understanding (MoU) under the Scheme with the State of Nagaland.