Discoms’ outstanding dues towards gencos to be eliminated by 2026: RK Singh

Outstanding dues of electricity distribution companies (discoms) towards gecos, which remains over Rs 1 lakh crore at any point of time, will be eliminated in the next four years, Union power minister R K Singh said.

The government has converted the total outstanding dues of discoms toward gencos (power generator companies) into Equated Monthly Installments (EMIs).

These EMIs have maximum tenure of four years and thus the total outstanding dues of discoms would be nil by 2026.

“The total outstanding dues of the discoms towards gencos is around Rs 1,13,000 crore. These dues would be totally cleared by 2026,” Singh told PTI.