Government of India signed a Memorandum of Understanding (MOU) with the State of Himachal Pradesh and the State DISCOM under the Ujwal DISCOM Assurance Yojana (UDAY) today, the for operational and financial turnaround of the DISCOM. Himachal Pradesh is the 18th State to sign MoU under UDAY. An overall net benefit of approximately Rs. 823 crores would accrue to the State by opting to participate in UDAY, by way of savings in interest cost, reduction in Aggregate Technical and Commercial (AT&C) and transmission losses, interventions in energy efficiency etc. during the period of turnaround.
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