Andhra Pradesh is likely to sign an agreement with the Power Ministry this week to join the Ujwal Discom Assurance Yojana (UDAY), a central scheme for revival of debt-stressed power distribution companies (discoms).
"This week, the memorandum of understanding (MoU) will be signed," K Ranganatham, Energy Advisor, Andhra Pradesh, told PTI.
"The Andhra Pradesh government has directed Director Finance, APTransco, to sign an MoU with the Power Ministry," he said.
Power Minister Piyush Goyal had earlier this month was hopeful that all states will join UDAY after Jharkhand became the first state to sign an MoU to avail of benefits of the scheme.
Jharkhand had on January 5 signed the agreement with the Power Ministry to join UDAY for financial turnaround of JBVNL, which is seen to offer the state a net benefit of approximately Rs 5,300 crore.
As many as 15 states have agreed to join the scheme covering 90 per cent of total power distribution companies' debt (Rs 4.37 lakh crore).
