In a turnaround of financials of state discoms, like those of Maharashtra, Rajasthan and Madhya Pradesh, following government initiatives in the last one year
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 Ujjwal Discom Assurance Yojana (UDAY) introduced by the Narendra Modi government to reduce interest burden on debt-laden power distribution companies (discoms) seems to be finally yielding results, bolstering hope that 24×7 power supply would become a reality.
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).
A severe crackdown on electricity theft following the implementation of the centre’s flagship scheme Ujjwal Discom Assurance Yojana (UDAY)
State-run Energy Efficiency Services Ltd (EESL) has issued a large tender seeking supply of 50 lakh smart meters on behalf of Haryana and Uttar Pradesh.
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.
Prime Minister Narendra Modi on Friday reviewed the progress of the India’s flagship scheme–Ujwal DISCOM Assurance Yojana (UDAY) for the operational and financial turnaround of state distribution companies and
various aspects of mineral block auction at a high level meeting today.
Energy theft continues to remain high despite concerted efforts by the Centre and the states, which signed up for the power distribution reforms — Ujwal DISCOM Assurance Yojana (UDAY).