Kerala, Tripura, Arunachal Pradesh join UDAY scheme
The Union Government estimates that Kerala, Arunachal Pradesh and Tripura will get net benefits of approximately Rs. 4,178 crore, Rs. 309 crore and Rs. 810 crore, respectively. These benefits will accure from reducing the transmission losses and demand side management by these distribution companies.
With the addition of these states, the total number of states under the UDAY scheme has reached 26. The scheme mandates that 75 per cent of the discom debt be taken over by the State Government and bonds be issued against them.
The lowering of discom debt has been accentuated by the growing power generation. According to a press statement from the Ministry of Power, India became net exporter of electricity for the first time.
According to the statement, “During the current year 2016-17 (April to February 2017), India has exported around 5,798 million units to Nepal, Bangladesh and Myanmar which is 213 million units more than the import of around 5,585 million units from Bhutan. Exports to Nepal and Bangladesh increased 2.5 and 2.8 times, respectively in the last three years.”