Tangedco to join central scheme for power distributors

The Tamil Nadu Generation and Distribution Corporation (Tangedco) has decided to join the Ujwal Discom Assurance Yojana (Uday) scheme of the Central Government. March 2017 has been fixed as the deadline for the states to join the scheme, and 15 states have already joined the scheme. The state has also been pushing the Centre to allow it to cross the fiscal deficit limit of 3 per cent of GSDP (Gross State Domestic Product) to enable it to absorb Tangedco´s debt of Rs 80,000 crore. Once the loss-making discom joins the Uday scheme, the company´s overall debt and amount apportioned to service the interest component will come down. Contact: Tamil Nadu Generation and Distribution Corporation. Website: www.tangedco.gov.in