J'khand second state to join discom revival scheme 'UDAY'

After Andhra Pradesh, Jharkhand has become the second state to join the Centre's UDAY (Ujwal Discom Assurance Yojana) Scheme, aimed at revival of debt-stressed power distribution companies.
The Jharkhand government has conveyed its in-principle approval for joining UDAY Scheme, the Power Ministry said in a release.
"Congratulations to Jharkhand CM Raghubar Das on the state joining UDAY scheme. 24X7 power for state not far," Power Minister Piyush Goyal said in a tweet today.
Andhra Pradesh was the first state to announce joining the scheme yesterday. The scheme is optional and operationalised through signing of an MoU between state governments, state discoms and the Centre.

The scheme has been launched to improve financial and operational efficiencies of power distribution companies. It envisages to reduce interest burden, cost of power and AT&C losses.
Consequently, the discoms would become sustainable to provide adequate and reliable power enabling 24x7 power supply. The scheme provides that states would take over 75 per cent debt of discoms, as on September 30, 2015 in two years.