The Government of India, the State of Punjab and the Punjab State Power Corporation Limited (PSPCL) signed Memorandum of Understanding (MOU) under the Scheme UDAY – “Ujwal DISCOM Assurance Yojana” today.
Rs. 20,838 crore
outstanding debt of Punjab's DISCOMs as on 30 September 2015.
Rs. 15,629 crore
amount of debt (75%) owed by all DISCOMs now passed over to the state of Punjab.
Rs. 5,210 crore
or 25% of Punjab DISCOM 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. 625 crore
savings for the Punjab DISCOMs in annual interest cost through reduction of debt and through reduced interest rates on the balance debt.
Rs. 1,600 crore
The estimated additional revenues till FY 19 to accrue through reduction in AT&C losses and transmission losses.
Rs. 690 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. 1,250 crore
gain through coal reforms, such as availability of 100% washed coal.
Rs. 5,470 crore
Estimated overall benefit.