Kerala signs UDAY MoU, 24th state to join scheme

Last Modified: Fri Mar 31 2017 08:06:06 GMT+0530 (India Standard Time)
  • 29 Mar 2017
    The Government of India and the State of Kerala signed a Memorandum of Understanding (MOU) under the Scheme Ujwal DISCOM Assurance Yojana (UDAY) today, for operational improvement of the State’s Power Distribution Department.
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    outstanding debt of the state's DISCOM as on 30 September 2015.
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    amount of debt (75%) owed by all DISCOMs now passed over to the state.
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    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. 4,178 crore
    Savings through UDAY by way of cheaper funds, reduction in AT&C and transmission losses, interventions in energy efficiency, etc. during the period of turnaround.
  • Rs. 92 crore
    The estimated additional revenues till FY 19 to accrue through reduction in AT&C losses and transmission losses.
  • Rs. 480 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. 3,600 crore
    gain through coal reforms, such as availability of 100% washed coal.
  • Rs. 4,178 crore
    Estimated overall benefit.