Union Power Minister Piyush Goyal has said that the implementation of the revival package of the near bankrupt state-run discoms will result in total savings of nearly 30 billion US Dollars by the financial year 2018-19. He told investors in Mumbai that if all goes as planned, the Uday scheme, which is aimed at taking away the<br/>4.3 trillion rupees debt of the discoms, will help save nearly 30 billion US Dollars. <br/><br/>The banking sector as a whole has a huge exposure to the near bankrupt state-run discoms to the tune of 4.3 trillion rupees in principle alone and over 5 trillion rupees if interest and unpaid dues are counted. These discoms have accumulated losses of about 3.8 trillion rupees.<br/><br/>Mr Goyal assured that the state-run Power Finance Corporation and Rural Electrification Corporation, which have an exposure of around 20 billion US Dollars to the discoms, will not be forced to buy the bonds to be issued by the respective states under the scheme.<br/>He said, this is aimed at protecting the balance sheet of PFC, which gets loans at 7.5 to 8 per cent.<br/>Announcing the revival plan last week, Mr Goyal had said that the state discoms in Rajasthan, Uttar Pradesh, Tamil Nadu and Haryana are the biggest loss-making ones, while seven more other state utilities are stressed.<br/><br/>The Uday scheme involves a massive bailout of the 4.3 trillion rupees debt of discoms besides measures to cut power thefts and align consumer tariff with generation cost. <br/><br/>