Twenty-six Indian states and union territories have so
far joined the Ujwal DISCOM Assurance Yojana (UDAY)
program which was implemented by the government of India to assist the
financial turn around of DISCOMs (utilities/distribution company). The states of Meghalaya, Tripura,
Arunachal Pradesh and Kerala are the new additions.
The Government of Meghalaya, Meghalaya Power Distribution
Corporation Limited (MePDCL) and the Government of India signed a tripartite memorandum
of understanding (MoU) on March 9, 2017, to improve operational and financial
efficiency of MePDCL and to bring about its financial turnaround.
The Government of Tripura, Tripura State Electricity
Corporation Limited and the Government of India also signed a tripartite MoU on
March 29, 2017 with the goal of improving the financial standing of Tripura
State Electricity Corporation Limited.
Ministry of Power (Government of India) and Government of Arunachal Pradesh signed
a bipartite MoU on March 29, 2017, to help improve the operational efficiency
of the Department of Power (Government of Arunachal Pradesh).
In the state of Kerala, the Kerala State Electricity Board
(KSEBL), the Government of Kerala and the Ministry of Power (Government of
India) signed a tripartite MoU on March 2, 2017, also to improve operational
efficiencies and enable sustainable operations of KSEBL.
reported, that in the first nine months of India’s current financial year 2016-2017, the interest
costs of states and union territory DISCOMs that have joined the UDAY program
have been reduced by Rs.119.89 billion (~$1.83 billion).