NEW DELHI: Jammu and Kashmir today became ninth state to join UDAY scheme for revival of power distribution companies and will save Rs 9,800 crore.
“Government of India and Jammu and Kashmir signed an MOU under the scheme UDAY – ‘Ujwal DISCOM Assurance Yojana’ today for operational and financial turnaround of the State’s power distribution department,” according to an official statement.
According to the statement, nine states have signed MoU under UDAY till date with the combined discom debt around Rs 1.94 lakh crore, to be restructured which is about 45 per cent of the total outstanding discom debt of Rs 4.3 lakh crore as on September 30, 2015.
Speaking on the occasion, Power Secretary P K Pujari said that with Jammu and Kashmir signing the MoU, we will be able to tackle 50 per cent of total discom debt in the country. (AGENCIES)
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