Govt launches UDAY web portal & app for transparency

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New Delhi, January 4
The government today launched Ujwal DISCOM Assurance Yojana (UDAY) web portal and mobile app in a bid to track and monitor the progress of DISCOMs on operational and financial parameters. Minister of State for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal launched this app and said, “It’s an important part of the ‘Digital India Initiative’, the portal/app will ensure transparency, enhance accountability of various stakeholders and facilitate view of near real time progress, enabling consumers to demand better services for them.”
UDAY portal and app would provide details of latest progress made by various DISCOMs, as recent as last month or quarter.
The DISCOM-level data will be integrated into State level and National level, which will be processed and used for advanced performance analysis.
The National, State and DISCOM level dashboards will thus provide a snapshot of latest financial and operational performance at various levels in public domain.
During the event, the States of Telangana and Assam joined UDAY by signing Memorandums of Understanding (MOUs) with the Ministry of Power for operational and financial turnaround of their respective DISCOMs, making the tally in the UDAY Club to 20. While, the Telangana government would take over Rs 8,923 crore of the total Rs 11,897 crore of DISCOM debt and the Assam government will take over Rs 928 crore out of total Rs 1,510 crore DISCOM Debt and the balance debt would be re-priced or issued as State guaranteed DISCOM bonds. This would amount to annual saving in the interest cost of Rs 387 crore to Telangana and Rs 37 crore to Assam. The interest cost on future borrowings is also expected to reduce, providing a saving of around Rs 30-40 crore to these States.

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