The Government of India, the State of Andhra Pradesh and the DISCOMs of Andhra Pradesh (APSPDCL and APEPDCL) signed a Memorandum of Understanding (MOU) under the Scheme UDAY – “Ujwal DISCOM Assurance Yojana” in Vijayawada (AP) today for financial turnaround of the DISCOMs.
The MoU for operational & Financial turnaround of Discoms was signed by Dr A.K. Verma, JS (Distribution), Ministry of Power, Shri Ajay Jain Principle Secretary (Energy), AP , Shri H Y Dora CMD, Southern Power Distribution Company of A.P. Ltd (APSPDCL) and Shri Muthyala Raju, CMD, Eastern Power Distribution Company of Andhra Pradesh Limited (APEPDCL) in presence of Chief Minister of Andhra Pradesh Shri N . Chandrababu Naidu and Shri Piyush Goyal, Union Minister of State (IC) for Power, Coal and New & Renewable Energy .
At present 12 state have signed UDAY, MoU till date. Today, Andhra Pradesh has signed the MoU as the thirteenth State to be covered under UDAY. The combined DISCOM debt (including CPSU dues) that would be restructured in respect of these states is around Rs.2.16 lakh-crore, which is half of the total outstanding DISCOM debt as on 30th September, 2015.
Speaking on the occasion Union Minister of State (IC) for Power, Coal and New & Renewable Energy, Sri Piyush Goyal said Andhra Pradesh is one of the top three States for achieving 100 percent electrification the State.
The other two states are Gujarat and Punjab the Minister said.. While complementing the State for the milestone, Shri Goyal said that Andhra Pradesh is one among the few States by connecting digital technology with electricity by introducing Smart Meter Scheme,
Chief Minister N. Chandrababu Naidu said the State will carry forward the reforms in electricity to achieve energy efficiency. He said the Government is committed to uninterrupted and quality power supply.
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