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All about U.D.A.Y (Ujwal
DISCOM Assurance Yojana)
Ujwal DISCOM Assurance Yojana (UDAY) provides for the financial turnaround and
revival of Power Distribution companies (DI...
It is another decisive step furthering the landmark strides made in the Power sector
over the past one and a half years, w...
Salient features of U.D.A.Y
States shall take over 75% of DISCOM debt as on 30 September 2015 over two
years - 50% of DISCOM debt shall be taken over ...
Government of India will not include the debt taken over by the States as
per the above scheme in the calculation of fisca...
States will issue non-SLR including SDL bonds in the market or directly to the
respective banks / Financial Institutions (...
DISCOM debt not taken over by the State shall be converted by the Banks / FIs
into loans or bonds with interest rate not m...
States shall take over the future losses of DISCOMs in a graded manner and
shall fund them as follows:
#5
State DISCOMs will comply with the Renewable Purchase Obligation (RPO)
outstanding since 1st April, 2012, within a period ...
States accepting UDAY and performing as per operational milestones will be
given additional / priority funding through Dee...
Such States shall also be supported with additional coal at notified prices
and, in case of availability through higher ca...
States not meeting operational milestones will be liable to forfeit their claim on
IPDS and DDUGJY grants.
#9
U.D.A.Y is optional for all States. However, States are encouraged to take the
benefit at the earliest as benefits are dep...
Get eBooks Website
Thank You!
Don’t forget to follow Kotak Securities
on SlideShare to get regular updates!
DEMAT Account
• Disclaimer:
• Kotak Securities Limited. Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumb...
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All about U.D.A.Y (Ujwal DISCOM Assurance Yojana)

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Presenting the salient features of U.D.A.Y, a path-breaking program which accelerates the process of reform across the entire power sector.

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All about U.D.A.Y (Ujwal DISCOM Assurance Yojana)

  1. 1. All about U.D.A.Y (Ujwal DISCOM Assurance Yojana)
  2. 2. Ujwal DISCOM Assurance Yojana (UDAY) provides for the financial turnaround and revival of Power Distribution companies (DISCOMs), and importantly also ensures a sustainable permanent solution to the problem. UDAY is a path breaking reform for realizing the Hon’ble Prime Minister’s vision of affordable and accessible 24x7 Power for all.
  3. 3. It is another decisive step furthering the landmark strides made in the Power sector over the past one and a half years, with the sector witnessing a series of historic improvements across the entire value chain, from fuel supply (highest coal production growth in over 2 decades), to generation (highest ever capacity addition), transmission (highest ever increase in transmission lines) and consumption (over 2.3 crore LED bulbs distributed).
  4. 4. Salient features of U.D.A.Y
  5. 5. States shall take over 75% of DISCOM debt as on 30 September 2015 over two years - 50% of DISCOM debt shall be taken over in 2015-16 and 25% in 2016-17. #1
  6. 6. Government of India will not include the debt taken over by the States as per the above scheme in the calculation of fiscal deficit of respective States in the financial years 2015-16 and 2016-17. #2
  7. 7. States will issue non-SLR including SDL bonds in the market or directly to the respective banks / Financial Institutions (FIs) holding the DISCOM debt to the appropriate extent. #3
  8. 8. DISCOM debt not taken over by the State shall be converted by the Banks / FIs into loans or bonds with interest rate not more than the bank’s base rate plus 0.1%. Alternately, this debt may be fully or partly issued by the DISCOM as State guaranteed DISCOM bonds at the prevailing market rates which shall be equal to or less than bank base rate plus 0.1% #4
  9. 9. States shall take over the future losses of DISCOMs in a graded manner and shall fund them as follows: #5
  10. 10. State DISCOMs will comply with the Renewable Purchase Obligation (RPO) outstanding since 1st April, 2012, within a period to be decided in consultation with Ministry of Power. #6
  11. 11. States accepting UDAY and performing as per operational milestones will be given additional / priority funding through Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY),Integrated Power Development Scheme (IPDS), Power Sector Development Fund (PSDF) or other such schemes of Ministry of Power and Ministry of New and Renewable Energy. #7
  12. 12. Such States shall also be supported with additional coal at notified prices and, in case of availability through higher capacity utilization, low cost power from NTPC and other Central Public Sector Undertakings (CPSUs). #8
  13. 13. States not meeting operational milestones will be liable to forfeit their claim on IPDS and DDUGJY grants. #9
  14. 14. U.D.A.Y is optional for all States. However, States are encouraged to take the benefit at the earliest as benefits are dependent on the performance. #10
  15. 15. Get eBooks Website Thank You! Don’t forget to follow Kotak Securities on SlideShare to get regular updates! DEMAT Account
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