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Ministry of Power
azadi ka amrit mahotsav

Implementation of Ujwal Discom Assurance Yojana (UDAY)

Posted On: 02 AUG 2023 8:03PM by PIB Delhi

The Union Minister for Power and New & Renewable Energy has informed about the status of repayment of the bonds issued by the State Governments and the DISCOMs under the UDAY scheme. The Minister informed that as per OM dated 20th November, 2015 of UDAY Scheme (Clause 7), for Operational and Financial Turnaround of Power Distribution Companies–

  1. State will issue non-SLR (Statutory Liquidity Ratio) including SDL (State Development Loans) bonds in the market or directly to the respective bank/ financial Institution holding the DISCOM debts to the appropriate extent. Proceeds realized from issue of the bonds to the banks / Financial Institutions (FIs) shall be entirely transferred by the State to DISCOMs, which in turn shall discharge the corresponding amount of Banks / FIs debts.
  1. Non SLR bonds issued by the State will have a maturity period of 10-15 years with a moratorium on repayment of principal up to 5 years, as required by the State.

The Minister informed that the summary of bonds issued under UDAY scheme is as below. The maturity period of these bonds varies from State to State and is between 5 and 15 years.

SUMMARY OF BONDS ISSUED UNDER UDAY SCHEME

Sl. No.

State

Discom Liabilities (as per MoU) as on         

30-09-2015

Discom Liabilities to be restructured as on           30-09-2015

Total Bonds issued by State till date

Total Bonds issued by Discom till date

Total bond issued under UDAY till date

Remaining Bonds to be issued by State

Remaining Bonds to be issued by Discoms

1

ANDHRA PRADESH

14721

14721

8256

0

8256

0

6465

2

ASSAM

1510

No bonds have been issued by the Govt. of Assam as the state took over loss in the form of grant and equity.

3

BIHAR

3109

3109

2332

777

3109

0

0

4

CHHATISGARH

1740

870

870

0

870

0

0

5

HARYANA

34602

34518

25951

0

25951

0

8566

6

HIMACHAL PRADESH

3854

3854

2891

0

2891

0

963

7

JAMMU & KASHMIR

3538

3538

3538

0

3538

0

0

8

JHARKHAND

6718

6136

6136

0

6136

0

0

9

MADHYA PRADESH

34739

7360

7360

0

7360

0

0

10

MAHARASHTRA

22097

6613

4960

0

4960

0

1653

11

MEGHALAYA

167

167

125

0

125

0

42

12

PUNJAB

20838

20262

15629

0

15629

0

4633

13

RAJASTHAN

80530

76120

59722

12368

72090

0

4030

14

TAMIL  NADU

30420

30420

22815

0

22815

0

7605

15

TELANGANA

11897

11244

8923

0

8923

0

2321

16

UTTAR PRADESH

53935

50125

39133

10377

49510

0

616

TOTAL

324415

269057

208641

23522

232163.29

0

36894.35

%age of Bonds issued to total debts to be restructured

86%

   

Note: States - Goa, Uttarakhand, Gujarat, Karnataka, Manipur, Puducherry, Sikkim, Tripura, Kerala, Arunachal Pradesh, Mizoram have only opted for operational parameters under UDAY, hence, their debt was not taken over by State.

Giving the details of the States that have achieved or failed to achieve the targets of reducing Aggregate Technical & Commercial (AT&C) losses and eliminating Average Cost of Supply-Average Realisable Revenue (ACS-ARR) gap under the UDAY scheme, the Minister informed that as a result of participation of DISCOMs under UDAY and other efficiency measures, State Power Distribution Utilities reported improvements which include:

    1. AT&C losses have reduced from 23.70% in FY 2015-16 to 20.73% in FY 2019-20.
    1. ACS-ARR Gap: The Gap between Average Cost of Supply (ACS) and the Average Revenue Realized (ARR) reduced from Rs. 0.54 per Unit in FY 2015-16 to Rs. 0.50 per Unit in FY 2019-20. 

State-wise details of AT&C losses and ACS-ARR gap are given below.

AT&C LOSS

State

FY 2015-16

FY 2016-17

FY 2017-18

FY 2018-19

FY 2019-20

Andaman & Nicobar Islands

 

 

30.28

23.43

23.34

Andhra Pradesh

10.36

13.77

14.15

25.67

10.77

Arunachal Pradesh

54.58

53.64

51.08

52.53

40.49

Assam

26.02

20.11

17.64

20.19

23.39

Bihar

43.30

43.34

33.51

33.30

39.95

Chandigarh

 

 

9.56

13.50

15.86

Chhattisgarh

22.10

23.87

20.74

24.96

18.46

Dadra & Nagar Haveli

 

 

6.55

5.45

3.56

Daman & Diu

 

 

17.11

6.19

4.07

Delhi

12.44

10.79

9.87

9.12

8.26

Goa

19.77

24.33

10.48

17.61

11.41

Gujarat

16.23

14.42

12.19

13.06

10.95

Haryana

29.27

26.42

21.78

18.08

18.26

Himachal Pradesh

9.68

11.48

11.08

12.46

13.33

Jammu & Kashmir

58.75

59.96

53.67

49.94

60.46

Jharkhand

33.34

40.83

44.72

28.33

37.13

Karnataka

17.13

16.84

15.61

19.82

17.58

Kerala

12.40

13.42

12.81

9.10

13.12

Lakshadweep

 

 

19.15

26.82

13.69

Madhya Pradesh

27.37

26.80

30.51

36.63

30.38

Maharashtra

21.74

22.84

14.07

15.30

18.56

Manipur

31.72

33.01

27.46

25.26

23.30

Meghalaya

45.98

38.81

41.19

35.22

31.67

Mizoram

35.18

24.98

16.16

16.20

20.66

Nagaland

33.44

38.50

110.85

65.73

64.79

Odisha

38.60

37.19

33.59

31.55

28.94

Puducherry

22.43

21.34

19.19

19.77

18.45

Punjab

15.88

14.46

17.31

11.28

14.35

Rajasthan

31.59

27.33

24.07

28.25

29.86

Sikkim

43.89

35.62

32.48

41.83

28.77

Tamil Nadu

16.83

18.23

19.47

17.86

15.00

Telangana

14.01

15.19

19.40

18.41

21.92

Tripura

32.68

28.95

30.04

38.03

35.71

Uttar Pradesh

39.76

40.91

37.34

32.75

29.64

Uttarakhand

18.01

16.68

16.34

17.45

20.35

West Bengal

28.08

27.83

22.71

19.66

17.76

Grand Total

23.70

23.72

21.57

21.64

20.73

 

ACS-ARR GAP on Tariff Subsidy received (excluding Regulatory Income and Revenue Grant under UDAY for loan takeover)

State

FY 2015-16

FY 2016-17

FY 2017-18

FY 2018-19

FY 2019-20

Andaman & Nicobar Islands

 

 

19.40

19.19

19.24

Andhra Pradesh

0.80

0.52

0.09

2.63

(0.18)

Arunachal Pradesh

0.49

3.65

3.66

4.47

4.90

Assam

0.23

0.06

(0.32)

(0.32)

(1.04)

Bihar

0.46

0.51

0.68

0.61

0.91

Chandigarh

 

 

(1.12)

(0.64)

(0.27)

Chhattisgarh

(0.01)

0.21

0.16

0.24

0.02

Dadra & Nagar Haveli

 

 

0.01

(0.02)

(0.03)

Daman & Diu

 

 

(0.26)

0.61

0.52

Delhi

(0.37)

(0.08)

(0.08)

(0.22)

0.20

Goa

0.71

0.70

(0.23)

0.27

0.61

Gujarat

(0.02)

(0.05)

(0.11)

(0.05)

(0.11)

Haryana

0.16

0.04

(0.08)

(0.05)

(0.06)

Himachal Pradesh

(0.31)

0.18

0.03

(0.09)

(0.03)

Jammu & Kashmir

3.00

2.65

1.85

1.72

2.03

Jharkhand

0.93

1.39

0.16

0.57

0.87

Karnataka

0.33

0.53

0.36

0.68

0.37

Kerala

0.30

0.62

0.32

0.05

0.10

Lakshadweep

 

 

19.11

21.37

20.58

Madhya Pradesh

0.87

0.81

0.88

1.33

0.69

Maharashtra

0.43

0.59

0.25

(0.22)

0.27

Manipur

0.02

0.06

0.08

0.06

0.06

Meghalaya

0.82

1.66

1.16

0.85

1.86

Mizoram

2.06

2.12

2.13

3.70

0.57

Nagaland

0.20

0.81

1.22

1.30

1.21

Odisha

0.39

0.38

0.32

0.60

0.34

Puducherry

(0.02)

0.03

(0.02)

0.13

0.97

Punjab

0.53

0.65

0.48

(0.07)

0.17

Rajasthan

1.83

1.79

1.49

1.50

1.49

Sikkim

2.09

1.20

0.25

0.02

1.71

Tamil Nadu

0.67

0.50

1.41

1.80

1.75

Telangana

0.74

1.23

1.11

1.38

1.09

Tripura

0.42

0.10

(0.08)

(0.14)

0.30

Uttar Pradesh

0.29

0.33

0.42

0.52

0.32

Uttarakhand

0.10

0.24

0.18

0.56

0.21

West Bengal

0.52

0.36

(0.01)

0.10

0.22

Grand Total

0.54

0.59

0.49

0.66

0.50

 

Providing the details of the challenges and constraints faced in the implementation and monitoring of the UDAY scheme and the steps taken to address them, the Minister informed that the Ministry of Power vide Office Memorandum dated 19.01.2016 constituted Monitoring Committee under the Chairmanship of Secretary (Power) and the progress of the scheme and challenges faced were regularly reviewed during the Monitoring Committee meetings. No major challenges were reported for implementation of scheme. The period of the scheme was from FY2015-16 to FY2019-20.

This information has been given by the Union Minister for Power and New & Renewable Energy Shri R. K. Singh, in a written reply to a question, in Rajya Sabha today, August 2, 2023.

***

PIB DELHI | AM / DJM


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