Ajoy Choudhury Appointed as REC’s New Director Finance Updated On Mon, Jun 1st, 2020 by Saurenergy State-owned power sector lender REC Ltd said that Ajoy Choudhury has been appointed as Director (Finance) on the company’s Board effective from today i.e. June 1, 2020. Prior to this, Choudhury was handling the post of Executive Director (Finance) REC Ltd. The state-owned lender notified through a regulatory filing that “Ajoy Choudhury… has been appointed as Director […] Read more
States participating in UDAY take over targeted debt of Rs. 2.09 lakh crores of their DISCOMs Updated On Thu, Aug 17th, 2017 by Saurenergy The process of States taking over the targeted debts and issuing them as SDL Bonds has now been completed. As of now, the participating DISCOMs have to issue Bonds worth approximately Rs. 37,000 crores, which would be done in due course Ujwal DISCOM Assurance Yojana (UDAY) was launched in November, 2015 and has completed more […] Read more
States under UDAY achieve improvement of 1.07% in AT&C losses in FY 2017 Piyush Goyal Updated On Fri, Aug 4th, 2017 by Saurenergy The participating States have achieved an improvement of 1.07% in Aggregate Technical & Commercial (AT&C) losses and Rs.0.13 a Unit in Average Cost of Supply (ACS) – Average Revenue Realized (ARR) gaps in FY 2017 The Minister of State for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal, in a written reply to […] Read more
Mizoram becomes 27th State to join UDAY Updated On Mon, Apr 3rd, 2017 by Saurenergy Mizoram would derive an overall net benefit of approximately Rs.198 crores by opting to participate in UDAY The Government of India and the State of Mizoram signed a Memorandum of Understanding (MOU) under the scheme Ujwal DISCOM Assurance Yojana (UDAY) for operational improvement of the State’s Power Distribution Department. With the signing of MoU by Mizoram, the […] Read more
Sikkim Becomes 22nd State to Join UDAY Updated On Fri, Feb 24th, 2017 by Saurenergy Sikkim would derive an Overall Net Benefit of approximately Rs. 207 crores through UDAY by way of cheaper funds, reduction in AT&C and transmission losses, interventions in energy efficiency, etc. during the period of turnaround. The Government of India and the State of Sikkim has signed a Memorandum of Understanding (MOU) under the Scheme Ujwal […] Read more
Tamil Nadu becomes 21st State to join UDAY Updated On Tue, Jan 10th, 2017 by Saurenergy State to derive an Overall Net Benefit of approximately Rs. 11,000 crores through UDAY The Government has signed a MoU with Tamil Nadu and the State DISCOM TANGEDCO under the UDAY for operational and financial turnaround of the DISCOM. Union Minister of State for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal presided […] Read more
Piyush Goyal launches Ujwal DISCOM Assurance Yojana (UDAY) Web Portal & Mobile App Updated On Wed, Jan 4th, 2017 by Saurenergy UDAY portal/app would track and monitor the progress of DISCOMs on operational and financial parameters under the UDAY scheme Union Minister of State for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal on Wednesday launched Ujwal DISCOM Assurance Yojana (UDAY) Web Portal & Mobile App. The UDAY portal/app would track and monitor the progress of DISCOMs on operational and […] Read more
Himachal Pradesh Joins UDAY, Benefit of Approximately Rs. 823 crores to accrue to the State Updated On Fri, Dec 9th, 2016 by Saurenergy Government has signed a MoU with Himachal Pradesh and the State DISCOM under the Ujwal DISCOM Assurance Yojana (UDAY) for operational and financial turnaround of the DISCOM. Himachal Pradesh is the 18th State to join the UDAY scheme. According to Ministry of Power an overall net benefit of approximately Rs. 823 crores would accrue to the State […] Read more
Solar developers seems least interested for TANGEDCO’s solar projects Updated On Mon, Nov 28th, 2016 by Saurenergy In October, Tamil Nadu Generation and Distribution Corporation Limited floated a tender for 500 MW of utility scale solar projects. The tender received limited interest and that too predominantly from smaller developers who have submitted 20 bids totaling just 116 MW. This tender from TANGEDCO follows an allocation of approx. 1200 MW in early 2015 […] Read more
