State power Distribution Company in india have huge
accumulated losses and outstanding debt. Financially stressed DISCOMs are not
able to supply adequate power at affordable rates to their consumer, which effect
on quality of lifestyle and overall economic growth and development of
community. Efforts towards 100% village electrification with 24X7 power supply
and clean energy cannot be achieved without performing DISCOMs (distribution company)
Power outages also adversely affect national priorities like "Make in
India" and "Digital India. In addition, default on bank loans by
financially stressed DISCOMS has the potential to seriously impact the banking
sector and the economy at large.
Scheme "UDAY" (Ujwal DISCOM Assurance Yojana)
is to improve these situation, for financial turnaround of Power Distribution
Companies has been formulated and launched by the Government on 20th November,
2015 in consultation with the various stakeholders for the financial and
operational turnaround of DISCOMs and to ensure a sustainable permanent
solution to the problem. The scheme UDAY envisages reform measures in all
sectors- generation, transmission, distribution, coal, and energy efficiency.
The Highlights
of the Scheme UDAY are as follows:
- The
scheme has been formulated and launched for a sustainable financial and
operational turnaround of DISCOMs; provides permanent solutions to legacy
debts of approximately Rs. 4.3 lakh crores (by FY 2014-15) and address
potential future losses.
- Empowers
DISCOMs with the opportunity to break even in the next 2-3 years through
four initiatives.
- Operational
efficiency improvements viz. compulsory smart metering, up-gradation of
transformers, meters etc., energy efficiency measures like efficient LED
bulbs, agricultural pumps, fans & air-conditioners etc. to reduce the
average AT&C loss from around 22% to 15%; Elimination of the gap
between ACS and ARR by 2018-19.
- Reduction
in cost of power through measures such as increased supply of cheaper
domestic coal, coal linkage rationalization, liberal coal swaps from
inefficient to efficient plants, coal price rationalization based on GCV,
supply of washed and crushed coal, and faster completion of transmission
lines.
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