NEW DELHI: Power producers’ total outstanding dues owed by distribution companies increased around 45 per cent to Rs 81,085 crore in November 2019 over the same month previous year, reflecting stress in the sector.
Distribution companies (discoms) owed a total of Rs 54,834 crore to power generation companies in November 2018, 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 generators and discoms.
In November 2019, the total overdue amount, which was not cleared even after 60 days of grace period offered by generators, stood at Rs 71,782 crore as against Rs 41,503 crore in the same month of the preceding year.
