Telangana and Assam Joins UDAY Scheme
Assam and Telangana signed a pact with the Power Minister, Piyush Goyal to join the UDAY scheme on January 4, 2017 in New Delhi in a bid to improve the performance of state run power distribution companies (DISCOM). Since the launch of the UDAY Scheme, the Power Ministry has signed
Agreements with 18 states to join the Scheme. With the joining of Assam and Telangana, the total states covered under the scheme rose to 20. The scheme envisages the State Governments to bear 75% of their respective DISCOM debt outstanding as on September 30, 2015.The Government of Telangana would take over Rs. 8,923 crore of the total Rs. 11,897 crore of DISCOM Debt while the Assam government would take over Rs. 928 crore out of total Rs. 1,510 crore DISCOM Debt and the balance debt would be re-priced or issued as State guaranteed DISCOM bonds.
This would enable Telangana and Assam to save an annual interest cost of about Rs 387 and Rs 37 crore, respectively. Telangana will also reduce its Aggregate Technical and Commercial (AT&C) losses and Transmission losses to 9.95% and 3% respectively which would bring additional revenue of around Rs. 1476 crores. Similarly additional revenue of Rs. 699 crore would accrue to Assam on reduction of AT&C losses and transmission losses to 15% and 3.4% respectively.
The two states is also expected to have a gain of around Rs. 1200 crores & Rs. 260 crores respectively through Demand Side interventions in UDAY such as usage of energy-efficient domestic as well as industrial/commercial equipment
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