Uttarakhand joins “UDAY” scheme

Government of India, the State of Uttarakhand and the Uttarakhand Power Corporation Limited (UPCL) which takes care of the power distribution activity of Uttarakhand signed Memorandum of Understanding (MOU) under the Scheme UDAY – “Ujwal DISCOM Assurance Yojana” on 31st March, 2016 for operational turnaround of the DISCOMs. Under UDAY, ten states have signed MoU till date. The combined DISCOM debt that would be restructured in respect of these states is around Rs.1.96 lac crore, which is approximately 45% of the total outstanding DISCOM debt of Rs.4.3 lac crore as on 30th September, 2015.

The Government of Uttarakhand has taken a positive step towards supporting its DISCOM by signing the MOU under UDAY for further improving the operational efficiency of the already efficient DISCOM. Through compulsory Distribution Transformer metering, consumer indexing & GIS mapping of losses, upgrade/change transformers, meters etc., smart metering of high-end consumers, feeder audit etc. AT&C losses and transmission losses would be brought down, besides eliminating the gap between cost of supply of power and realisation. The reduction in AT&C losses and transmission losses to 14.50% and 1.78% respectively is likely to bring additional revenue of around Rs.645 crore during the period of turnaround.