Diabytes
Discoms debt News
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Union Cabinet on Wednesday approved a proposal to extend timeline for joining UDAY scheme meant for revival of debt-laden discoms and issue bonds for paying their outstandings during this fiscal.
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Renewables emerged as the light at the end of the tunnel for the power sector, which continued to be bogged down by the debt worries of discoms during 2015 and all eyes are on the ambitious UDAY scheme on whether it can prove to be the much-needed elixir in the New Year.
Hit by subsidised tariffs, state electricity discoms are facing cash crunch and are incurring annual losses of about Rs 60,000-70,000 crore.
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