Green energy: Andhra to clear Rs 1,095 crore dues in a month
State-run electricity distribution companies (discoms) of Andhra Pradesh on Friday told the Amaravati High Court that they would clear outstanding dues worth Rs 1,095 crore to wind and solar power plants “within the next four weeks”.
According to the September order of the High Court, the discoms were required to pay the bills at discounted rates of Rs 2.43 per unit to wind plants and Rs 2.44 per unit to solar-based generating stations.
Out of the total outstanding amount of Rs 1,450 crore, the discoms have already paid Rs 355 crore after raising loans from various sources. The discoms claimed in the court that the central government’s Indian Renewable Energy Development Agency will disburse further loans to them “within a short period”, which will enable them to clear the dues.
