Discoms’ losses mount, so do their dues to gencos

In what underlines the urgency of revamping the UDAY scheme, power distribution entities’ (discoms) losses are again mounting, after declining over two years till FY18 — at FY19 end, the losses were up 44% year-on-year at Rs 21,658 crore.

Worse, if these entities had paid generating companies in time, the losses would have been higher — dues to producers were up 28% at Rs 38,884 crore at May end.