Discoms saved Rs 20,000 crore, Power line projects worth Rs 48,427 cr awarded in 4 yrs: Govt
The government has awarded powertransmission projects worth Rs 48,427 crore since 2014, power distribution companies have saved Rs 20,000 crore in interest cost and the power ministry’s star labelling programme has helped save Rs 22,500 crore worth of energy over the period. These figures are part of the list of 4 years’ achievements of the Modi government shared by the power ministry.
“1 Lakh Megawatt of generation capacity added; 26 projects worth Rs 48,427 crore awarded through tariff-based competitive bidding; More than Rs 20,000 crore interest cost saved by Discoms under UDAY; 30 crore LED bulbs distributed under UJALA resulting in saving of Rs 15,500 crore per year; Star-labelling programme saved energy worth Rs 22,500 crore,” the power ministry said in a statement.
It added that India has emerged as a net exporter of electricity and the country’s energy deficit has dropped from 4.2 per cent in 2014 to 0.7 per cent in 2017-18. The ministry also said the country has achieved 100 per cent village electrification as a result of the implementation of Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY) with an outlay of Rs 75,893 crore.