Page 2 - Uday

Tamil Nadu joins UDAY; could accrue Rs 22,000-crore benefit in first 3 yrs

TN had been reluctant to join UDAY over mandatory revision of tariff every quarter under the scheme

States under UDAY issue bonds worth Rs 1.83 lakh crore, cover 83% of debt

AT&C loss still remains high for most states

Tamil Nadu agrees to join Centre's UDAY scheme

Due to the scheme, the state would benefit around Rs 22,000 cr in the first three years

Discom losses to halve by FY19: CRISIL

Risk profile of discoms in UDAY states to improve, says the ratings agency

Centre expects all states to come under UDAY by next month

Under the UDAY so far 17 states/UTs signed the MoU with Maharashtra being the latest

Maharashtra joins UDAY scheme; to reduce interest burden by Rs 595 cr

It's the 7th state to join the scheme; 75% of discom's non-capex debt to be taken over during the current year

Centre, states to review progress of UDAY

To assess roadmap for e-auction of major mineral blocks at Vadodra meeting on Oct 7-8

Bonds worth Rs 1.67 lakh crore sold under UDAY

Goyal reiterated that there will be annual savings of Rs 1,80,000 crore for the country from 2019 onwards under UDAY

Discoms to benefit from UDAY in near to medium term: ICRA

Strict focus on improving efficiency, timeliness and tariff hike adequacy will be critical for their financial turnaround in the long-run, added report

Efficiency, tariff key to UDAY plan success for discoms: Fitch

Twenty Indian states and one union territory gave in-principle approval for UDAY and 16 have already signed up for the scheme

Madhya Pradesh and Puducherry join UDAY power discoms reforms

UDAY is the restructuring plan of the NDA government to bail out the financially and operationally beleaguered state-owned discoms

Madhya Pradesh, Puducherry join UDAY scheme to revive discoms

With these two state/UT joining the scheme, the number of states/UT that have joined UDAY goes up to 16

UDAY implementation in Punjab likely to be delayed due to elections

Despite T&D losses lower than many states, PSPCL is in financial distress due to lack of political will

Tamil Nadu team to take up UDAY issue with Centre

Chief Minister J Jayalalithaa seeks central loans for revenue and capital expenditure

Power engineers demand review of power sector policies of last 25 years

Say discoms were in poor financial health with accumulated debt and losses over years despite successive policies

India's first smart grid to come up in Gurgaon

Maharashtra to expand UDAY scope, says Goyal; expect interest rates to come down

Odisha wants UDAY scheme to be implemented through its power trading firm

Aimed at financial turnaround of the discoms saddled with debt and operational losses

UDAY may not destabilise fiscal consolidation: Ind-Ra

However, AP, Haryana, Jharkhand, Punjab, Rajasthan and UP may feel the pinch

States get more time to join UDAY

According to the UDAY MoU, debt takeover by states during the first year of UDAY would not be counted in their fiscal limit

Making UDAY sustainable

States must do their part on power tariff reform