Friday, January 15, 2016

Haryana joins UDAY scheme for debt-laden discoms

Haryana became the 11th state to join UDAY scheme (Ujwal DISCOM Assurance Yojana) for reviving debt- laden discoms.
  • Other states communicated in-principle approval to the Power Ministry for joining the UDAY scheme includes – Chhattisgarh, Andhra Pradesh, Jharkhand, Rajasthan, Punjab and Jammu & Kashmir.
About UDAY
UDAY aims at reviving ailing state electricity boards and operational efficiencies of power distribution companies. It envisages on reducing interest burdencost of power andAT&C losses.
  • The discoms will become sustainable to provide adequate and reliable power enabling 24×7 power supply.
  • The scheme provides that states would take over 75% debts of discoms as on September 30 in 2 years.

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