Page 2 - Power Discom
Power discom reform: Trickle begins in UDAY benefits
The power distribution reforms scheme, Ujwal Discoms Assurance Yojana (UDAY), is improving, slowly, the financials of distribution companies (discoms). States which have initiated financial restructuring by issuing bonds against the discoms' debt are looking at estimated yearly interest saving of a combined Rs 7,255 crore.Of the 22 states which have joined UDAY, 15 have issued bonds against the debt they took over of the discoms as part of the restructuring. The total amount of bond issuance is Rs 2.7 lakh crore. Of this, Rs 1.83 lakh crore is by the states and the balance by the discoms.For the states that agreed to implement UDAY, one of the first steps was to take over 75 per cent of discom debt as on September 30, 2015, over two years -- 50 per cent in 2015-16 and 25 per cent in 2016-17. These states would then issue bonds in the market to capitalise on this. The 25 per cent of debt remaining with the discoms had bonds issued separately by the latter, with sovereign guarantee. In .
 "Power discom reform: Trickle begins in UDAY benefits")
Power discom reform: Centre to float mega tender for smart meters
A meeting to finalise the tender would take place next month
 "Power discom reform: Centre to float mega tender for smart meters")
