Maharashtra has joined the Ujwal DISCOM
(distribution company) Assurance Yojana (UDAY), becoming the 17th state
to do so. The state is estimated to achieve a net benefit of Rs.97.25 billion
(~$1.45 billion). Under the UDAY program, the combined DISCOM debt that will be
restructured with respect to these states and union territories is around Rs.2.57
trillion (~$38.55 billion).
According to a government release,
the Government of India signed a memorandum of understanding (MoU) with the Government
of Maharashtra and Maharashtra State Electricity Distribution Company (MSEDCL)
under the UDAY program at the State Power Ministers Conference held in Vadodara
on October 7, 2016.
With Maharashtra’s inclusion in the UDAY
program, these 17 states and union territories account for 68 percent of the
total debt to be restructured through the program.
Two important solar states, Tamil Nadu and
Telangana, are still missing from the list.