15 states with 90% accumulated losses of power distributors on board UDAY: Piyush Goyal

NEW DELHI: Fifteen states have joined the debt recast scheme for power distribution companies covering 90% of the losses accumulated with the utilities, power ministry Piyush Goyal said on January 4.

Four states – Uttar Pradesh, Maharashtra, Odisha and Bihar - joined the centre’s Ujjawal Discom Assurance Yojana ( UDAY) on the day, while the rest had communicated their in-principle approvals to be part of the scheme earlier.

“Within two months, we have half of the states of India on board for UDAY. Fifteen of 29 states have joined and the last 12 states or Union territories do not have separate discoms. We are open to include them in UDAY in a different fashion,” Goyal said.