The Centre’s power distribution reforms scheme, Ujwal Discom Assurance Yojana (UDAY), has helped discoms reduce their subsidy dependence on state governments owing to improved liquidity position, a report released by the Rural Electrification Corporation (REC) said on Wednesday.
ICRA estimates that debt refinancing or takeover by state governments will lower book losses of discom from Rs 67,000 crore in FY2015 to Rs 37500 crore in FY2017.
Piyush Goyal To Launch A New Mobile APP and Web Portal on UDAY, the government’s flagship scheme for turnaround of state DISCOMs
The App and the web portal, to be launched by Goyal on Wednesday (January 4, 2017), will provide all details on the scheme including the number of states joining the scheme as also the progress achieved by each state under various parameters listed under the scheme—-including AT&C losses, cost of electricity, bonds issued and others.
Minister of State (Independent Charge) for Power, Coal & New and Renewable Energy and Mines, Piyush Goyal will launch the web portal and a Mobile App for one of India’s most talked about scheme