A total of ~Rs.2.07 trillion (~$30.99 billion) DISCOM debt
has been restructured under the Ujwal DISCOM Assurance
Yojana (UDAY) program in India. UDAY is a
government program designed to facilitate the financial turnaround of DISCOMs (utilities).
There are 22
states and union territories that have joined the UDAY program.
Of the ~Rs.2.72 trillion (~$40.73 billion) debt proposed to
be restructured, for the 15 states who
have joined for both, operational and financial turnaround, Rs.2.07 trillion
(~$30.99 billion) worth liabilities have already been restructured, stated Mr.
Piyush Goyal, Minister for Power, in the Lok Sabha.
reported on the progress of UDAY program after a year of inception.