Page 2 - Uday Scheme

Fifteenth Finance Commission raises concerns on debt levels of states

The commission said the overall state debt has risen particularly due to UDAY scheme

Updated On : 01 Nov 2019 | 2:05 AM IST

Has UDAY brought a new dawn for power discoms across India?

In this podcast, Shreya Jai speaks to Ankur Bhardwaj on the details of the UDAY scheme, its successes and failures

Updated On : 17 Oct 2019 | 8:35 AM IST

Govt mulls new power tariff policy, UDAY 2.0 for resolving discoms losses

Power Minister said that under the new tariff policy, the discoms would have to pay a surcharge for delayed payments

Updated On : 09 Sep 2019 | 12:24 AM IST

Uday scheme helps discom bring losses down 70% to Rs 170 bn: Deutsche Bank

The UDAY scheme has helped debt laden discoms reduce annual losses by 70 per cent to around Rs 17,350 crore in last two years, according to the Deutsche Bank Market Research report. The scheme for restructuring power distribution companies has also helped them cut aggregate technical and commercial losses by 5 per cent. The report said however that the net results of UDAY scheme have not been keeping pace with the stringent targeted trajectory. It also said that the gap between ACS (actual cost of supply of power) and ARR (Cost & Tariff rate) has reduced to Rs 0.24/kWh or by 57 per cent over two years. The government had launched Uday reforms for the power distribution sector in November 2015, to turn them around from deep financial and operational losses. At that time the accumulated losses of these discoms amounted to Rs 4.3 lakh crore with annual incremental losses of Rs 60,000 crore. It said that electricity demand revival is partly showing up in elevated exchange tariffs as

Updated On : 18 Jun 2018 | 7:45 PM IST

UDAY scheme helped discoms of 24 states cut losses to Rs 369 bn in FY17

Government's UDAY scheme has helped debt laden DISCOMs of 24 states to reduce losses to Rs 36,905 crore in 2016-17 from Rs 51,590 crore in the previous fiscal, Parliament was informed today. "As per data furnished by the states, the aggregate net losses of DISCOMs participating in UDAY have come down from Rs 51,590 crore in 2015-16 to Rs 36,905 crore in 2016-17," Power Minister R K Singh said in written reply to Lok Sabha. The Ujwal DISCOM Assurance Yojana (UDAY) was launched for the operational and financial turnaround of state-owned Power Distribution Companies (DISCOMs). The scheme aims to reduce interest burden, cost of power and power losses in distribution sector, besides improving operational efficiency of DISCOMs. The minister said the interventions under UDAY have yielded encouraging results. The participating states have achieved an improvement of one per cent in Aggregate Technical & Commercial (AT&C or distribution) losses and Rs 0.17 a Unit in the gap

Updated On : 04 Jan 2018 | 7:19 PM IST

UDAY fails to power discoms in laggard states

Bihar, Uttar Pradesh, Rajasthan, Haryana, J&K and Chhattisgarh are among such states

Updated On : 11 Sep 2017 | 4:03 AM IST

Odisha eyes operational pact under UDAY

State was keen to implement UDAY through Gridco but it got disqualified

Updated On : 31 Aug 2017 | 10:02 PM IST

Debt-laden discoms save Rs 15,000 cr under UDAY scheme

Debt-laden power distribution companies in states which participated in the UDAY scheme, meant for their revival, have saved Rs 15,000 crore till March this year, the power ministry said today. The Ujwal DISCOM Assurance Yojana (UDAY) was launched in November, 2015 and has completed more than 18 months of operation. "The participating DISCOMs have achieved net savings of approximately Rs 15,000 crore till March, 2017," the ministry said in a statement. The Average Cost of Supply (ACS) and Average Revenue Realised (ARR) gaps have come down by almost 14 paise per unit and the AT&C (aggregate technical and commercial) losses have reduced by almost 1 per cent in fiscal 2017, it said. The ministry said these states have taken over the targeted debt of Rs 2.09 lakh crore of their DISCOMs under borrowing exemption from the FRBM Act given in UDAY for the years 2015-16 and 2016-17. The process of states taking over the targeted debts and issuing them as SDL Bonds has now been ...

Updated On : 17 Aug 2017 | 1:42 AM IST

The sustainable solution

UDAY's success relies on genuine power tariff reforms

Updated On : 05 Jul 2017 | 10:45 PM IST

UDAY list grows to 26 as Kerala, Tripura, Arunachal become part of it

Twenty siz states are now part of the UDAY scheme, meant for the revival of debt stressed discoms, after Kerala, Arunachal Pradesh and Tripura formally joined the programme. "An overall net benefit of approximately Rs 4,178 crore, Rs 309 crore and Rs 810 crore would accrue to the states of Kerala, Arunachal Pradesh and Tripura respectively, by opting to participate in UDAY, by way of cheaper funds, reduction in AT&C and transmission losses, interventions in energy efficiency, etc during the period of turnaround," a Power Ministry statement said. The Government of India, Kerala and Kerala State Electricity Board Ltd signed a Memorandum of Understanding (MOU) under the Scheme Ujwal DISCOM Assurance Yojana (UDAY) for operational improvement of the Power Utility on March, 2 2017. Arunachal Pradesh and Tripura also joined the scheme for operational improvement of the States' Power Distribution Departments here today. With this, the total count of states under UDAY reaches 26, it ...

Updated On : 29 Mar 2017 | 5:57 PM IST