Power producers’ total dues owed by distribution firms rose over 28 per cent year-on-year to Rs 1,38,479 crore in September 2020, reflecting stress in the sector.
Distribution companies (discoms) owed a total of Rs 1,07,930 crore to power generation firms in September 2019, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators).
The portal was launched in May 2018, to bring in transparency in power purchase transactions between the generators and discoms.
In September 2020, the total overdue amount, which was not cleared even after 45 days of grace period offered by generators, stood at Rs 1,26,661 crore, as against Rs 85,790 crore in the year-ago period.
