Haryana signs UDAY MoU, 8th State to join scheme

Last Modified: Fri Mar 11 2016 09:38:24 GMT+0530 (India Standard Time)
  • 11-Mar-2016
    The Government of India, the State of Haryana and the DISCOMs of Haryana (Uttar Haryana Bijli Vitran Nigam Ltd. and Dakshin Haryana Bijli Vitran Nigam Ltd.) signed an Memorandum of Understanding (MoU) under the “Ujwal DISCOM Assurance Yojana” scheme today.
  • Rs. 34,600 crore
    outstanding debt of Haryana's DISCOMs as on 30 September 2015.
  • Rs. 25,950 crore
    amount of debt (75%) owed by all DISCOMs now passed over to the state of Haryana.
  • Rs. 8,650 crore
    or 25% of Haryana 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. 1,040 crore
    savings for the Haryana DISCOMs in annual interest cost through reduction of debt and through reduced interest rates on the balance debt.
  • Rs. 7,150 crore
    The estimated additional revenues till FY 19 to accrue through reduction in AT&C losses and transmission losses.
  • Rs. 1,700 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. 2,100 crore
    gain through coal reforms, such as availability of 100% washed coal.
  • Rs. 14,160 crore
    Estimated overall benefit.