Gencos recoup 50% legacy dues from discoms in a year
Power generating companies (gencos) recovered half of their legacy dues from distribution companies since the implementation of late payment surcharge (LPS) rules in June last year. The dues came down from Rs 1,20,540 crore in June 2022 to Rs 61,025 crore in July 2023, according to PRAAPTI portal.
“There has been a strong recovery of outstanding dues of power suppliers including generating and transmission companies from discoms after the Electricity (LPS and related matters) Rules, 2022 were enforced last year,” said an official of the power ministry.
