IEEMA organizes an exclusive interactive session on “Making UDAY Happen”
Lucknow 19th March 2016: Indian Electrical and Electronics Manufacturers’ Association, today organized an interactive session on “Making UDAY Happen”, which was attended by senior government officials from central and state government and industry. Addressing the exclusive gathering Shri Anil Swarup, Secretary, Ministry of Coal, Government of India, expressed hope and optimism about the power and energy sector in Uttar Pradesh. Shri Sanjay Agrawal, Principal Secretary Energy, Government of Uttar Pradesh and Chairman, UPPCL also addressed the participants.
Power situation in the country in terms of generation has improved substantially with some work which is needed to be done in the transmission sector. However, distribution aspect of electricity remains a challenge in many states. The financial condition of many of the distribution companies is alarming and that of distress. The Ujjwal Discom Assurance Yojana, UDAY, is a brilliant initiative of the Ministry of Power and IEEMA welcomes this scheme.
To overcome the mounting loss of the Power Utilities and AT&C losses of 25%, Uttar Pradesh has recently signed up for the UDAY scheme, a welcome move which is expected to result in the savings of Rs. 33,000 Crore for the state. Besides helping UPPCL to bring about financial turnaround, UDAY would also help them in raising cheaper funds for their future capital investment requirement.
Mr. Babu Babel, President, IEEMA said, “IEEMA is committed to ensure the success of UDAY in Uttar Pradesh, and all IEEMA members will be available for any assistance, which is needed in terms of technology and solutions to mitigate loses & enhance revenues. UDAY is more than just another financial restructuring plan aimed at changing the health of discoms, it is a great initiative, jointly owned by central & state governments and the industry is very enthused about the future outcome, which will have far reaching implications in terms of making 24 X 7 Electricity For All at affordable prices.”
IEEMA Director General, Mr. Sunil Misra stated, “In the present system, there is a scope for achieving lower loses and higher revenues by doing simple things, eg., appropriate storage, erection and maintenance of distribution transformers. There are solutions available in the existing genre of electronic meter which can do more functions at no extra cost. Today conductors are available to carry more power in a more efficient manner, thus bringing down the technical losses. UDAY Scheme will draw a roadmap for the future such that every discom sees profit and none of them go into the red.”