Electricity discoms owe ₹74,710 crore to gencos

New Delhi: In what may further exacerbate the growing crisis in the Indian power sector, the electricity distribution companies (discoms) owe ₹74,710 crore for the power bought from the generation companies (gencos) at the end of July, according to information available on union power ministry’s PRAAPTI portal.

The overdue outstanding amount was ₹55,091 crore. This comes at a time of the ongoing crisis in discoms due to their poor financial health, which has resulted in delayed payment to generation utilities. The development happened at a time when Centre is trying to step up efforts to supply round-the-clock power to all.