POWER

DISCOM Dues to Power Generators Mount to ₹101 Billion At the End of June

The distribution companies (DISCOMs) owed renewable generators ₹101.11 billion (~$1.3 billion) in overdue payments (excluding dues under dispute) spread across 544 invoices at the end of June 2020, according to data from the Ministry of Power’s (MoP) payment ratification and analysis portal (PRAAPTI).

As per the data released by PRAAPTI, the outstanding dues to the renewable generators stood at ₹8.4 billion ($111.9 million). The portal also showed that ₹123.3 million (~$1.6 million) was under dispute.

The data released from the portal also showed that 65 DISCOMS owed power generators ₹1.19 trillion in overdue payments spread across 17,118 invoices at the end of June 2020. In May, ₹1.138 trillion (~$15.28 billion) was recorded in overdue payments owed by 65 DISCOMs to 197 power generators spread across 16,320 invoices.

Source
mercom india
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