About 97% of the total outstanding debt of all state power distribution companies (discoms) has been covered under the Ujwal DISCOM Assurance Yojana (UDAY), the government announced on Tuesday.
So far, 86% of the restructurable debt has been revamped under the scheme.
“As on September 30, 2015, the total debt of all state-owned discoms was ₹3.95 lakh crore,” according to a statement by the Ministry of Power.
“The 26 states and 1 UT which have joined the UDAY scheme account for total outstanding debt of ₹3.82 lakh crore. Hence, about 97% of the total outstanding debt of all State discoms has been covered under UDAY,” the statement added.
The Ministry also added that the total liability opted for restructuring by the states through the issuance of bonds was ₹2.69 lakh crore.
“So far, states have already issued bonds of the entire ₹2.09 lakh crore and discoms have issued bonds worth ₹0.23 lakh crore,” the statement added. “Bonds worth ₹0.37 lakh crore are yet to be issued by various discoms. Hence, about 86% of the restructurable debt of states has been restructured so far under UDAY.”
National average
The national average of aggregate technical and commercial (AT&C) losses (from all UDAY states) stood at 20.2% in FY17, according to the government, which added that billing efficiency has increased by two percentage points, from 81% in FY16 to 83% in FY17.
The release also noted that the difference between the average cost of supply (ACS) and the average revenue realised (ARR) had come down in the last year.
