Government mulls investment fund to pay off discoms’ dues towards power generation companies
NEW DELHI: The government is mulling an alternative investment fund to pay off discoms’ dues towards power generation companies, a senior official said. The payment of dues would help distribution companies (discoms) to increase their electricity load (supplies) and ensure 24×7 uninterrupted power supply.
According to government data, discoms owe Rs 92,602 crore to gencos as of February this year. The creation of the fund assumes significance in view of lower power demand during the coronavirus lockdown.
