Ujwal DISCOM Assurance Yojana (UDAY) – The new scheme has been started by the Ministry of Power, under the name of the bright discom assurance scheme or Uday. The Ministry of Power, Coal and the Ministry of New and Renewable Energy is focusing on the illumination of every Indian and creating a bright India. The purpose of bright India is to providing 24×7 powers to all. Get information regarding coal, electricity and this Ministry of New and Renewable Energy. Information on fuel, transmission, power generation, distribution and power consumption has been provided. Details regarding bright India missions and achievements have been provided.
The Objective
Financial reform and revival of the power distribution companies (Discom) and also to ensure a sustainable and sustainable solution to the problem.
The goal of Uday is to make financial reform and revival of the power distribution companies (Discom) and to ensure a sustainable and sustainable solution to the problem. Uday is a pathfinder improvement in achieving the dream of ensuring 24 hours affordable and convenient electricity for all the people of Hon’ble Prime Minister. During the past one-and-a-half years, when the electricity sector has been able to supply fuel supply (highest production in two decades) to production (the highest capacity addition till now) transmission (the highest ever increase in transmission lines) and consumption (2.3 million More LED bulbs were distributed) till all the value chain has recorded a historic improvement; Irnaik step.
Program Benefits
- 24X7 Electricity for All
- Electrification for all villages
- Enabled Energy Security
- Reviving the investment in the power sector to create employment opportunities, bring almost all the disks in the profitable condition in 2-3 years.
- Save the annual 1.8 lakh crore by improving the efficiency of the emergency.
- Highlights of Uday Yojana
- As of September 30, 2015, 75% of the distribution companies will be acquired by the states in two years.
- This acquisition will be 50% in 2015-16 and 25% in 2016-17.
- Under the Uday Yojana, the loans acquired by the states will not be included in the calculation of the fiscal deficit of the respective states in the 2015-16 and 2016-17 financial year by the Indian government.
- Non-SLRs, including SDL bonds, will be issued to the banks / financial institutions providing loans to the distribution companies to the appropriate extent by the States.
- The bank / financial institution will not levy interest rate on this loan/bond with its base rate, 0.1% (Base Rate plus 01%).
- Alternatively, the above-mentioned loan distribution companies may be issued full or partially in the form of ‘State Guaranteed Discom Bonds’ at prevailing rates in the market.
- These market prevailing rates will be equal to or less than 01% (Bank Base Rate Plus 01%) with Bank Base Rate.
- It is notable that the loss of future losses will be taken by the states in a categorized manner by distribution companies.
- This acquisition will be as follows – 5% of losses in 2016-17 in 2017-18, 10% of 2018-18 loss in 2018-19 and 25% of 2018-19 loss in 2019-20
- Within the stipulated period after consultation with the Central Electricity Ministry, the State Distribution Companies will comply with the outstanding ‘renewable purchase obligation’ (RPO) since April 1, 2012.
- It is worth noting that the states that are accepting Uday Yojana and performing in accordance with operational goals will be provided additional/primary financing through various schemes.
- These schemes include Deendayal Upadhyay Gram Jyoti Yojana, Integrated Electricity Development Scheme, Electricity Development Fund or other Ministry of Power and other similar schemes of the Ministry of New and Renewable Energy.
- In respect of availability of coal supply and high capacity utilization to such states, NTPC and other Central Public Sector Undertakings will be assisted by low-cost electricity.
During the past one-and-a-half years, when the electricity sector has been able to supply fuel supply (highest production in two decades) to production (the highest capacity addition till now) transmission (the highest ever increase in transmission lines) and consumption (2.3 million More LED bulbs were distributed) till all the value chain has recorded a historic improvement; Irnaik step.
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The weakest link distribution in the price chain has been done, where electricity distribution companies (discoms) across the country have registered a cumulative loss of about Rs 3.8 lakh crore and the debt of about 4.3 lakh crore (till March 2015) is outstanding. Victim of financial burden Discom companies is unable to supply sufficient electricity at affordable rates which inhibit the level of life and overall affects the economic progress and development. Due to issues inherited, Discom Companies are trapped in the vicious circle of losses, in which operating losses are financed by the debt. Outstanding loans from Discom Companies increased from about 2.4 lakh crore in 2011-12 to 14.55 percent during 2014-15 to 4.3 lakh crore rupees.
All the villages of the country cannot be accumulated in the form of electrification, 24-hour power supply, and discom grouping without clean energy. Power deductions adversely affect national priorities like ‘Make in India’ and ‘Digital India’. In addition, the risks of severe financial loss to the banking sector and the overall economy of the country, due to default by the discoms of financial pressures, are to be done by bank loans. Uday assures the emergence of a dynamic and effective discom by a permanent solution to the past and future potential problems. It discovers the rights to get the opportunity to recover losses in the next two to three years.
Main initiative
- Under the Uday Yojna, the following four initiatives will be taken to eradicate power distribution companies in the next two to three years.
- Improve operational efficiency of power distribution companies.
- Reduction in electricity costs.
- The decrease in interest cost of distribution companies.
- To implement financial discipline on distribution companies through coordination with State Finance.
Future of plan
The average AT & T loss will be reduced from 22 percent to 15 percent and the average of 2018-19, due to the steps required by the economical Smart Metering Operational Skills, upgradation of Transformers and Meters etc., Steps related to economical energy like efficient LED bulbs, agricultural pumps, wings and air conditioners etc. The difference between revenue receipt (ARR) and the average cost of supply (ACS) will end.
States involved in Ujwal DISCOM Assurance Yojana (UDAY)
Jharkhand Government has sent its theoretical approval to the Ministry of Power for joining the Uday Plan (Ujjwal Discom Assurance Scheme). According to the scheme from September 30, 2015, the state can take more than 75 percent loan of discom in two years. Through Uday, the State Governments are encouraged to voluntarily promote their debt restructuring.
Gujarat joining the Uday (Ujjwal Discom Assurance Plan) scheme has become the tenth state of the country.
Contact Details
https://www.uday.gov.in/contact.php
Some important links
Ujwal DISCOM Assurance Yojana (UDAY) PDF
Conclusion
On the basis of the increase in the cost of electricity, increased supply of cheap domestic coal, coal linkage discretionary, liberal coal exchange too passive to active plants, GCV (grass calorificae), dust and crushed coal supply and transmission lines at full speed Reduction in the cost of electricity can be achieved through steps such as rationalizing the value of coal. Only NTPC is expected to save up to Rs 0.35 per unit with higher supply and prudence of domestic coal and coal exchange, which will be given to Discom companies and consumers.
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