Live
- Centre to offload 25 lakh tonnes of wheat in open market to bring down price
- New Zealand Test captain Tom Latham joins Warwickshire for 2025 season
- Delhi HC reserves verdict on anticipatory bail plea of Puja Khedkar
- Telangana CM Revanth Reddy Participates in Statewide Socio-Economic Survey
- Sanjay Raut hails Priyanka Gandhi as 'sherni'; SS-UBT leader whacks Congress
- From Window Shopping to Instant Deliveries: How Gen Z is Changing Retail
- Piyush Goyal launches CII's 'Ease of Doing Business' portal
- Why Apostille in Delhi and UAE Embassy Attestation in Delhi Are Crucial for International Travel and Work
- How to Promote Creativity in Children and What Preschools Should Do
- Telangana Revises Class 10 Exam Pattern: Internal Marks Removed
Discoms recover Rs 3000 crore till mid-December post notes ban
The collection of power distribution companies across the country increased by a whopping Rs 3,000 crore post demonetization till December 15, according to government data.
New Delhi: The collection of power distribution companies across the country increased by a whopping Rs 3,000 crore post demonetization till December 15, according to government data.
"Distribution companies' collections increased by more than Rs 3,000 crore from November 10 to December 15, 2016 compared to last year," the data showed.
The Ministry is of the view that this will help achieve affordable tariffs.
The Power Ministry had launched UDAY scheme for revival of the debt stressed power distribution companies last year in November. The scheme is expected to turn around these utilities by 2019, which would eventually help in increasing demand of electricity and boost the sector.
According to statement, North Bihar Power Distribution Company saw a 204% increase, NESCO in Odisha saw a 251% increase, APDCL in Assam saw a 97% increase and TANGEDCO in Tamil Nadu saw a 97% increase in revenues.
Besides, the power generation grew by 8.53% to 93.23 billion units (BU) in November as against 85.90 BUs in same month year ago.
