11 October 2016 Current Affairs: Union Power Minister Piyush Goyal said,India would have 100 per cent electrification for all by May 1, 2017.
Andhra Pradesh, Bihar, Chhattisgarh, Jharkhand, Maharashtra, Madhya Pradesh, Odisha, Uttar Pradesh, Telangana and West Bengal are considered LWE or Maoist affected states.
The state-run Rural Electrification Corporation (REC) is also formulating a scheme to extend soft loans to the states at a flat rate on long-term to achieve 100 per cent household electrification across the country.
Power ministers and officials from 20 states and two Union Territories participated in the conference along with heads of state-run energy firms.
The scheme aims to improve operational efficiency of all discoms, reduce cost of power, lower interest rates and enforce financial discipline, by allowing state governments to take over 75 per cent of their debt and pay back lenders by selling bonds.
Goyal also launched the Urban Jyoti Abhiyaan Mobile (Urja) app, developed by the state-run Power Finance Corporation, to enhance consumer connect with the urban power distribution sector by providing information of IT-enabled towns on parameters like outage information, release of connections, addressing complaints and power reliability.
Goyal also said that a new committee has been formed to revive the 22 stalled large hydro power projects with fresh investments to make them viable.
The government will also aid the setting up of small solar units by farmers to power agricultural pump sets.