09 Jan 2017
The Government of India, the State of Tamil Nadu and its DISCOMs TANGEDCO, signed Memorandum of Understanding (MOU) under the Scheme UDAY – “Ujwal DISCOM Assurance Yojana” today for operational and financial turnaround of the DISCOMs.
Rs. 30,420 crore
outstanding debt of the state's DISCOM as on 30 September 2015.
Rs. 22,815 crore
amount of debt (75%) owed by all DISCOMs now passed over to the state.
Rs. 7,605 crore
or 25% of state's DISCOM debt will now be repaid with fresh state guaranteed DISCOM bonds to be issued at coupon rates around 3% - 4% less than the average existing interest rate.
Rs. 950 crore
Savings for the state DISCOMs in annual interest cost through reduction of debt and through reduced interest rates on the balance debt.
Rs. 1,601 crore
The estimated additional revenues till FY 19 to accrue through reduction in AT&C losses and transmission losses.
Rs. 2,304 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. 4,320 crore
gain through coal reforms, such as availability of 100% washed coal.
Rs. 11,000 crore
Estimated overall benefit.