CHENNAI: Implementation of the Centre’s Ujwal Discom Assurance Yojana (UDAY) scheme in TANGEDCO between 2016-17 and 2019-20 has not helped the State power utility improve its finances or operational efficiency as its debt has gone up 52 per cent from Rs 81,312 crore in September 2015 to Rs 1.23 lakh crore on March 2020, shows the Comptroller and Auditor General Report tabled in the State Assembly on Tuesday.
Uday scheme envisaged reduction of gap between average cost of supply (ACS) and average revenue realised (ARR) to zero by 2018-19 and reduction in aggregate technical and commercial loss by 13.50 per cent by 2018-19. But the action plan submitted as part of the memorandum of understanding (MoU) did not have parameters to assess implementation of various targeted activities and fund required or source of funds to execute them.
