Discoms’ dues to gencos down by Rs 24,000 crore on back of loan scheme

Thanks to a special loan scheme by state-owned lenders Power Finance Corporation (PFC) and Rural Electrification Corporation (REC), the dues of power distribution companies (discoms) towards power generators has reduced by Rs 24,000 crore. However, cumulative dues remain at a high of Rs 1.13 trillion.

A statement by the Union ministry of power said the dues have come down with the implementation of the Electricity (LPS and Related Matters) Rules, 2022.

The ministry said that the total outstanding dues of states, which were at Rs 1.37 trillion as on June 3, have been reduced by Rs 24,680 crore to Rs 1.13 trillion with timely payment of just four EMIs.