Bihar joins UDAY scheme, 6th State to sign MOU 6

Last Modified: Mon Feb 22 2016 09:53:05 GMT+0530 (India Standard Time)
  • 22 Feb 2016
    The Government of India, the State of Bihar and the DISCOMs of Bihar (North Bihar Power Distribution Company Limited, and South Bihar Power Distribution Company Limited) signed Memorandum of Understanding (MOU) under the Scheme UDAY – “Ujwal DISCOM Assurance Yojana” today.
  • Rs. 3,100 crore
    outstanding debt of Bihar's DISCOMs as on 30 September 2015.
  • Rs. 2,332 crore
    amount of debt (75%) owed by all DISCOMs now passed over to the state of Bihar.
  • Rs. 778 crore
    or 25% of Bihar 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. 117 crore
    Savings for the Bihar DISCOMs in annual interest cost through reduction of debt and through reduced interest rates on the balance debt.
  • Rs. 6,650 crore
    The estimated additional revenues till FY 19 to accrue through reduction in AT&C losses and transmission losses.
  • Rs. 720 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. 1,086 crore
    gain through coal reforms, such as availability of 100% washed coal.
  • Rs. 9,000 crore
    Estimated overall benefit.
  • 160,60,000
    households in 1152 villages that are still without electricity will now have an expedited opportunity to be electrified through the scheme.