NEW DELHI: Bills of generation companies (gencos), transmission utilities and power traders pending with states have come down by Rs Rs 24,680 crore, or 17% of the outstanding till June, since the power ministry imposed new rules linking electricity access to timely payment of current dues and offered an instalment scheme to clear accumulated dues.
The state distribution companies (discoms) have also cleared Rs 1,68,000 crore in current bills in the five months since the new rules were implemented, the ministry said in a statement on Wednesday.
Timely payment of just four instalments under the instalment scheme brought down the outstanding amount to Rs 1,13,269 crore from Rs 1,37,949 crore as on June 3, when the new rules kicked in.
