UDAY Impact: UP Electricity Earnings Grow 28 Per Cent To Rs 7,822 Crore Current Fiscal

UDAY Impact: UP Electricity Earnings Grow 28 Per Cent To Rs 7,822 Crore Current Fiscal

A severe crackdown on electricity theft following the implementation of the centre’s flagship scheme Ujjwal Discom Assurance Yojana (UDAY) has led to a growth of 28.5 per cent in power bill earnings for Uttar Pradesh in the first quarter ended June, the power ministry has said.

The state’s collection of power supply revenue grew to Rs 7,822 crore in the three months between April 2017 and June 2017 from Rs 6,086 crore in the corresponding quarter previous financial year (2016-17).

“With better supply and lower losses, UP in particular, and India in general, are moving towards round-the-clock power for all,” a power ministry statement said.

In volume terms, the first quarter collections in electricity procurement in Uttar Pradesh witnessed a growth of 15.5 percent as compared to the corresponding period in the previous fiscal. Read More…

 

Credit By : ET Energy World

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