Lockdown: Cabinet likely to approve package for power discoms reeling under revenue loss

The Union cabinet is likely to approve next week a package for discoms reeling under revenue loss due to lower power demand amid the coronavirus lockdown, including setting up of an alternative investment fund to pay off their dues towards electricity generation companies, a source said. “The cabinet in the coming week can approve a […]

Distribution companies’ outstanding dues to power gencos rise nearly 32% to Rs 88,311 cr in January

Power producers’ total outstanding dues owed by distribution firms rose nearly 32 per cent to Rs 88,311 crore in January 2020 over the same month previous year, reflecting stress in the sector. Distribution companies (discoms) owed a total of Rs 67,012 crore to power generation companies in January 2019, according to portal Praapti (Payment Ratification […]