POWER

Discoms’ outstanding dues to power gencos rise nearly 24% to ₹1.36 lakh crore in December

Total dues owed by electricity distribution companies to power producers rose nearly 24% to ₹1,36,966 crore in December 2020 compared to the same month a year ago, reflecting stress in the sector.

The distribution companies (discoms) owed a total of ₹1,10,660 crore to power generation firms in December 2019, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators).

The portal was launched in May 2018 to bring in transparency in power purchase transactions between the generators and discoms.

In December 2020, the total overdue amount, which was not cleared even after 45 days of grace period offered by generators, stood at ₹1,27,498 crore as against ₹97,835 crore in the year-ago period.

According to the latest data on the portal, total outstanding dues in December dipped on a month-on-month basis. In November 2020, the total outstanding dues of discoms stood at ₹1,40,741 crore.

The overdue amount in December 2020 has decreased from ₹1,27,539 crore in November 2020.

Source
The Hindu
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