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What are the objectives of UDAY?

By IndianMoney , 4 months ago

1. Ujwal DISCOM Assurance Yojana (UDAY) targets in reducing the average technical and commercial loss from around 22% to 15% along with eliminating the gap between cost-side supply & revenue-side supply. 2. Improvement of operational efficiency through compulsory smart metering, up-gradation of transformers, meters, etc. Also, the adoption of energy efficiency measures like the promotion of efficient LED bulbs, agricultural pumps, fans & air-conditioners would be initiated. 3. Reduction of the power cost, interest burden and loss of power in the Distribution sector along with improvement of the operational efficiency of DISCOMs for the supply of adequate power at affordable rates. 4. UDAY is basically a debt restructuring plan for the DISCOMs and is optional for the states. 5. Attracting the states for their active participation in the scheme by providing incentives to the performing states. 75% of the debts of their respective DISCOMs are taken over by the joining states by signing a Memorandum of Understanding in a phased manner by issuing bonds. The other 25% of the debts will be issued by DISCOMs in the form of bonds.

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