KSEBOA - KSEB Officers' Association

Monday
Dec 11th
Text size
  • Increase font size
  • Default font size
  • Decrease font size
Home News Power Sector News Andhra Pradesh became 13th state to join UDAY scheme

Andhra Pradesh became 13th state to join UDAY scheme

PDF
Hits smaller text tool iconmedium text tool iconlarger text tool icon

AP MapAndhra Pradesh became the 13th State to sign the agreement and formally join the Central scheme for reviving financially-stressed electricity distribution utilities, called the Ujwal DISCOM Assurance Yojana (UDAY).

The move will help Andhra Pradesh's electricity sector get a ₹4,400 crore benefit over the next three financial years, an official statement said, adding that the benefit comes from savings in interest cost, reduction in aggregate technical & commercial losses, energy efficiency and coal reforms.

The Andhra Pradesh government will take on ₹11,000 crore of debt at its electricity distribution utilities, which would help them save ₹330 crore of interest cost a year.

An official statement on Friday said after Andhra Pradesh joining UDAY, the electricity distribution utility debt that will be restructured is around ₹2.16 lakh crore or half of the total outstanding debt, as on September 30, 2015.

Source- The Hindu

 

Add comment


Security code
Refresh


 

Random Videos

You need Flash player 6+ and JavaScript enabled to view this video.
Title: Power Quiz 2015 Final - Part-1

Latest Comments

Banner

Reference Book

 

Reference Book on Power

Electrical Engineering-- D' 1/4 Size Hard bound-- 1424 Pages-- Just Rs.1000/- only &n...

Visitors Counter

mod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_counter
mod_vvisit_counterToday3305
mod_vvisit_counterYesterday4499
mod_vvisit_counterThis Month50703
mod_vvisit_counterLast Month130619

Online Visitors: 46
IP: 54.196.201.241
,
Time: 18 : 48 : 58