POWER

Power discoms owe gencos more than ₹1.56 lakh crore: Minister

Total outstanding dues owed by power distribution utilities or discoms to generation firms (gencos) are estimated to be more than ₹1.56 lakh crore, Parliament was informed on Thursday.

“Discoms have not been able to pay the generation companies for the power procured, and the outstanding payments to generation companies are estimated to be in excess of ₹1,56,000 crore,” Power Minister R. K. Singh said in a written reply to the Lok Sabha.

Reforms deliberatedpower

“The outstanding dues to renewable generators are around 11 months of revenues. Therefore, reforms have been deliberated upon in consultation with the states and all stakeholders,”

The condition of most of the State government-owned distribution companies is a matter of grave concern, the Minister stated.

Source
The hindu
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