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For ‘Power to all’ UDAY Club expands with 20 States

    R&M Bureau
    By R&M Bureau, Delhi,
    Wed, Jan 4th, 2017 (06:29:47 PM IST) Section: Industry Category: Innovation

    Union Power Minister Piyush Goyal launches Ujwal DISCOM Assurance Yojana (UDAY) Web Portal & Mobile App to track and monitor the progress

    For ‘Power to all’ UDAY Club expands with 20 States

    Union Power Minister Piyush Goyal today launched the Ujwal DISCOM Assurance Yojana (UDAY) Web Portal & Mobile App, here today. It would track and monitor the progress of DISCOMs on operational and financial parameters under the UDAY scheme.

    Giving details of the UDAY portal/app, Shri Goyal informed that it would provide details of latest progress made by various DISCOMs, as recent as last month/quarter. The DISCOM-level data will be integrated into State level and National level, which will be processed and used for advanced performance analysis. The National, State and DISCOM level dashboards will thus provide a snapshot of latest financial and operational performance at various levels in public domain.

    The Minister said that the portal/app is a logical follow-up to the MoUs signed by the States under UDAY, not only to enable monitoring of the progress made by the DISCOMs at Central Ministry level, but also for making future schemes/plans for improving DISCOMs performance. This will be the first time when the performance metrics of various DISCOMs will be available in a single platform, which shall promote healthy competition amongst the DISCOMs/States, he added.

    Giving examples of achievements in UDAY among States, the minister quoted the Rajasthan Discom where, in less than two years, annual losses of around Rs. 15,000 crores will soon be converted into profits. He also talked about Haryana’s progress, where as an example, all 173 villages in Panchkula have received 24x7 Power Supply.

    During the event, the States of Telangana and Assam joined UDAY by signing Memorandums of Understanding (MOUs) with the Ministry of Power for operational and financial turnaround of their respective DISCOMs, making the tally in the UDAY Club to 20. States with over 90 percent of total DISCOM debts to be covered under UDAY after Tamil Nadu comes on board, Goyal added.

    While the Government of Telangana would take over Rs.8,923 crores of the total Rs.11,897 crore of DISCOM debt, the Government of Assam 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 amount to annual saving in the interest cost of Rs. 387 crores to Telangana and Rs. 37 crores to Assam respectively. The interest cost on future borrowings is also expected to reduce, providing a saving of around Rs.30-40 crores to these States.

    The gains to Telangana and Assam through Demand Side interventions in UDAY such as usage of energy-efficient domestic as well as industrial/commercial equipment is expected to be around Rs. 1,000 crore and Rs. 260 crore respectively. The States of Telangana and Assam are also expected to benefit around Rs. 2250 crore and Rs. 520 crore respectively on account of the support being extended by the Centre through various coal reform measures.

    An overall net benefit of approximately Rs. 6,116 crore and Rs. 1663 crore would accrue to these States viz. Telangana and Assam respectively, under UDAY, by way of savings in interest cost, reduction in AT&C and transmission losses, interventions in energy efficiency, coal reforms etc. during the period of turnaround.