States issued bonds under UDAY scheme to revive discoms: Min
05/08/2016 09:56
The Indian Government has said that states have already issued bonds worth Rs 1.66 lakh crore under the UDAY scheme for revival of their debt-ridden discoms. Commenting on the issue, Power Minister Piyush Goyal told the media, "As on August 1, 2016, bonds worth Rs 1,66,754 crore have been issued by the participating states under UDAY and thus reduction in interest cost has already started. Cost of power is also on a downward trend." “A few states including Tamil Nadu and West Bengal have requested the central government to make certain modifications in the scheme. The government of India has already explained the details to them and also extended timeline to facilitate their participation," he added. As per reports, so far, 14 states -- Jharkhand, Chhattisgarh, Rajasthan, Uttar Pradesh, Gujarat, Bihar, Punjab, Jammu & Kashmir, Haryana, Uttarakhand, Goa, Karnataka, Manipur and Andhra Pradesh -- have signed memorandums of understanding (MoUs) under UDAY.
