Dues & disputes: IPPs seek larger loan facility for discoms
With state-run electricity distribution companies’ over-dues to private power companies rising 8% on year to Rs 36,018 crore at April end despite the Rs 1.25-lakh-crore PFC-REC loan facility at the discoms’ disposal, even the latest package to bail out the power sector is threatening to come a cropper. Independent power producers (IPPs) have demanded an expansion of the loan facility, even as a large segment of their receivables are disputed by the discoms.
The liquidity infusion scheme originally had a size of Rs 90,000 crore and it was meant to to cover the dues till March 2020; it was later expanded include overdue bills unpaid by discoms till the end of June 2020.
