03 March 2018 Current Affairs: Lakshadweep, the Union Territory joined hands with the UDAY scheme, which is meant for the revival of debt-stressed power distribution companies (discoms) in the country.
The Memorandum of Understanding signed as an operational turnaround of the Union Territory’s Electricity Department.
The Union Territory will have an overall benefit of around Rs 8 crore that would provide ways of cheaper funds, reduction in AT&C losses, and intervention in energy efficiency.
The MoU a paved path for improving the efficiency of the Electricity Department of Lakshadweep. Initiating mandatory distribution transformer metering, consumer indexing, consumer indexing and GIS mapping of losses and various other requirements will help eliminate the gap between cost of supply of power and realization.