Power News We love to talk!

DEC 07 2015

Andhra Pradesh first state to join discom revival scheme UDAY

  • Economic Times, ET Bureau / Hyderabad
  • Created: Mon 07th DEC 2015

Andhra Pradesh has become the first state in the country to join the Centre's scheme for revival of debt stressed power distribution companies after the state gave in-principle nod to the Power Ministry for joining UDAY.

Though many other states including Jharkhand, Rajasthan, Tamil Nadu and Haryana have evinced the interest in joining the scheme, Andhra Pradesh is the first state to officially communicate its intend to avail benefits under UDAY.

Though many other states including Jharkhand, Rajasthan, Tamil Nadu and Haryana have evinced the interest in joining the scheme, Andhra Pradesh is the first state to officially communicate its intend to avail benefits under UDAY.

"Congratulations to Chief Minister of Andhra Pradesh for joining UDAY (Ujwal DISCOM Assurance Yojana) for turnaround of discoms," Power Minister Piyush Goyal tweeted today.

According to a power ministry statement, Andhra Pradesh has conveyed in-principle approval to the ministry for joining UDAY Scheme (Ujwal Discom Assurance Yojana). The scheme is optional and operationalised through signing of MoU between state governments, state discoms and Centre.

When the scheme was approved by the Union Government last month, Goyal had said that discoms in Rajasthan, Uttar Pradesh, Tamil Nadu and Haryana are the biggest loss-making in the country. Besides, 6-7 other state utilities are stressed.

A senior official said the states cannot officially join the scheme without approval of their respective State Cabinets headed by the chief minister as it take a little while to understand the contours of such programme.

Tags

Haryana Rajasthan Uttar Pradesh Jharkhand Andhra Pradesh Tamil Nadu Distribution Companies Memorandum Of Understanding Power Distribution Power

Related News

  • Power ministry, regulators contemplate ways to develop renewable energy  Read more
  • Kashmiris seek compensation for losses due to Indus Waters Treaty  Read more
  • Government evaluating site in Bihar for 4,000 MW Ultra Mega Power Project  Read more
  • HPCL sets 48-month deadline for its expansion project  Read more
  • Power, steel demand will go up: Prashant Ruia  Read more
  • PSU oil firms question Adanis plan to set up Dhamra LPG terminal and pipeline project  Read more
  • Coal output is key to energy security  Read more
  • PSUs up investment ante, set to pump in 16% more in FY16  Read more
  • Coal blocks for UMPPs only via bidding: Law Ministry  Read more
  • 28 power stations battling coal crunch  Read more