The Government of India, the State of Chhattisgarh and the CSPDCL (Chhattisgarh State Power Distribution Company Limited) signed a Memorandum of Understanding (MOU) under the Scheme UDAY – “Ujwal DISCOM Assurance Yojana” today.
Rs. 1,740 crore
outstanding debt of CSPDCL as on 30 September 2015.
Rs. 1,350 crore
amount of debt (75%) owed by CSPDCL now passed over to the state of Chhattisgarh.
Rs. 435 crore
or 25% of CSPDCL's debt will now be repaid with fresh State guaranteed DISCOM bonds to be issued at coupon rates around 3% less than the average existing interest rate.
Rs. 2,350 crore
The estimated additional revenues till FY 19 to accrue through reduction in AT&C losses and transmission losses.
Rs. 630 crore
The gain expected till FY 19 through Demand Side interventions such as usage of energy- efficient LED bulbs, fans & air-conditioners and efficient industrial equipment.
Rs. 3,032 crore
Estimated overall benefit.
households in 885 villages that are still without electricity will now have an expedited opportunity to be electrified through the scheme.