States under UDAY achieve improvement of 1.07% in AT&C losses in FY 2017 Piyush Goyal

The participating States have achieved an improvement of 1.07% in Aggregate Technical & Commercial (AT&C) losses and Rs.0.13 a Unit in Average Cost of Supply (ACS) – Average Revenue Realized (ARR) gaps in FY 2017

The Minister of State for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal, in a written reply to a question in Lok Sabha on Thursday informed that interventions under Ujwal DISCOM Assurance Yojana (UDAY) including reduction in interest costs & cost of power and efficiency gains have yielded encouraging results.

The Minister informed that as per the unaudited data submitted by States, the participating States have achieved an improvement of 1.07% in Aggregate Technical & Commercial (AT&C) losses and Rs.0.13 a Unit in Average Cost of Supply (ACS) – Average Revenue Realized (ARR) gaps in FY 2017. However, different states have different trajectories since they have joined UDAY at different time.

Goyal also stated that the participating states have already issued Bonds of approximately Rs.2.32 lakh crores, which addresses 86% of the debt envisaged in Memorandum of Understanding (MoU) executed under UDAY.