The Union government has set in motion the process of rewarding performing states under Uday, the flagship programme in power sector. It would extend support to the country’s first smart grid project to be set up at Gurgaon in Haryana, which has been a performing state under the debt restructuring programme for state-owned power distribution companies.
Besides, the NDA government also expects interest rates to come down in near future which will help the states in further saving loan costs, Union power minister Piyush Goyal said here today. Goyal also said the Maharashtra government would modify its earlier Cabinet decision of joining Uday for only performance parameters. “The state was earlier joining for only operational improvement. But now it will join for financial turnaround as well, which would lead to benefit of Rs 1,500 crore,” said Goyal.