Discoms’ outstanding dues to power gencos up 29% to Rs 1.38 trn in Oct
Power producers’ total dues owed by distribution firms rose over 29 per cent year-on-year to Rs 1,38,187 crore in October 2020, reflecting stress in the sector.
Distribution companies (discoms) owed a total of Rs 1,06,734 crore to power generation firms in October 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 October 2020, the total overdue amount, which was not cleared even after 45 days of grace period offered by generators, stood at Rs 1,25,743 crore as against Rs 93,559 crore in the year-ago period.
