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.
Senior Government officials briefed him on aspects such as addressing of debt, monitoring frameworks, improvement in financial parameters, operational achievements, and consumer empowerment.
During a presentation on coal mine and mineral block auctions made by senior Government officials, the Prime Minister emphasized on a roadmap for faster operationalization of mines, post-auction.
He also called for greater coordination between all mineral-related departments during the survey and mapping of geological potential regions.
Union Minister Piyush Goyal, and senior officials from PMO, NITI Aayog and other Ministries were present during the meeting.
So far, 26 States and 1 UT have joined Ujwal Discom Assurance Yojana (UDAY) for financial and operational turnaround of their DISCOMs.
Out of Rs.3,75,430 crores debt of state owned power distribution utilities, as existing on 31-03-2015, UDAY States account for Rs.3,62,231 crores of debt.
The States/UT under UDAY scheme include Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Punjab, Rajasthan, Sikkim, Tamil Nadu, Telangana, Tripura, Uttar Pradesh, Uttarakhand and Puducherry.
States and their Distribution Utilities have issued Bonds worth Rs.2.32 lakh crores.
Currently, Writing a Book for Penguin India Titled Greased Pole:How Politics and Lobbying Stifled India’s Energy Dreams. The author can be reached on email@example.com (9810661825)
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