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Tamil Nadu set to join UDAY after months of reluctance

Tamil Nadu will join the Central government’s power utility turnaround scheme Ujwal Discom Assurance Yojana (UDAY) on Monday, after months of reluctance, becoming the 21st state to bail out state-owned distribution firms struggling with mountains of debt.Tamil Nadu’s signing up for UDAY comes after some of the utilities showed signs of turnaround with the help of steps meant to cut power theft and improve efficiency.Former Tamil Nadu chief minister J. Jayalalithaa had firmly opposed the UDAY scheme and some progress was made when Union minister of state for power Piyush Goyal met her at the secretariat on 15 July. Goyal had then stressed that the state will save at least Rs22,400 crore of discoms’ debt in the next three years.According to d.....

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