Punjab signs UDAY MoU, 7th State to join scheme

Last Modified: Fri Mar 04 2016 09:37:39 GMT+0530 (India Standard Time)
  • 04-Mar-2016
    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.