Discoms’ outstanding dues to power gencos rise 36% to ₹1.29 trillion in July
NEW DELHI : Power producers’ total outstanding dues owed by distribution firms rose over 36% year-on-year to ₹1.29 trillion in July 2020, reflecting stress in the sector.
Distribution companies (discoms) owed a total of ₹94,704 crore to power generation firms in July 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 July 2020, the total overdue amount, which was not cleared even after 60 days of grace period offered by generators, stood at ₹1,16,817 crore, as against ₹75,411 crore in the year-ago period.
