MoP Launched UDAY (Ujwal DISCOM Assurance Yojna)

Ministry of Power, Government of India launched a new scheme "UDAY" (Ujwal DISCOM Assurance Yojna) which provides plans for the financial turnaround and revival of Power Distribution companies (DISCOMs), and importantly also ensures a sustainable permanent solution to the problem. It empowers DISCOMs with the opportunity to break even in the next 2-3 years. This will be done through four initiatives: (i) Improving operational efficiencies of DISCOMs; (ii) Reduction of cost of power; (iii) Reduction in interest cost of DISCOMs; (iv) Enforcing financial discipline on DISCOMs through alignment with State finances. UDAY also envisages fast track rollout of 35 million smart meters by end of 2019. Read More:

Smart Grid Bulletin February 2019

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