An overall net benefit of about Rs 823 crore would accrue to the state by opting to participate in UDAY, by way of savings in interest cost.

The state has committed to take over discoms’ debt of Rs 11,000 crore during the current year, which will reduce the interest burden by Rs ...

Under UDAY, states were required to join the scheme last fiscal and issue bonds to pay off discoms debt ,state suffer loss of over Rs 60,00...

Bihar will become the sixth state to formally join the UDAY scheme meant for revival of debt-ridden power distribution utilities.

The debt burden of three power distribution companies was about Rs 15,645 crore in 2013-14 and it came down to Rs 12,473 crore in 2014-15.

The debt restructuring plan for discoms announced by the Centre last week would eventually lead to a saving of Rs 1.8 lakh crore annually.

"We believe the package will bring about a lasting solution to the problems in the SEBs because at the end of the day discoms' debt will ge...

With the debt off their book and states issuing bonds, the interest burden of discoms is expected to come down to 8-9% against 13-14% at pr...

"Behind discoms' chronic losses is a huge degree of political connivance, corruption and theft. That is holding the country to ransom."

"The management must see to it that prudent decisions are being taken and that the AT&C losses come down. They also must make sure that pol...

As per the proposal, the state electricity boards of Jharkhand, Bihar and Karnataka will be allowed to convert their outstanding loans, til...

"As soon as Karnataka (government) sends us their response we will send the note to CCEA," an official in the Ministry of Power said.

Indicating that the Ministry has done its part in helping with discoms debt rejig, Scindia said that it was now for the states "to do their...

Taking over of 50 per cent short term liabilities of discoms by respective state government is a major proposal.

The Cabinet Committee on Economic Affairs is likely to consider the proposal to restructure Rs 2 lakh crore worth debt of power distributio...

The Cabinet is likely to soon take up the proposal of restructuring about Rs 2 lakh crore debt of power distribution companies.

The government is likely to give the green signal this month for the restructuring of debt held by state-run power distribution companies.