Lakshwadeep signs MoU under UDAY

The central government and the Union Territory of Lakshadweep have signed an MoU under the Ujwal Discom Assurance Yojana (UDAY) for the operational turnaround of the union territory’s electricity department. By participating in UDAY, an overall net benefit of about Rs 80 million would be accrued by Lakshadweep’s electricity department by way of cheaper funds, reduction in aggregate technical and commercial losses, and improvements in energy efficiency.