Power Minister R K Singh on Tuesday expressed concern over rising dues of renewable energy (RE) producers that have not been paid by discoms, saying no investment will come in the sector if investors find power bills are not being cleared.
Taking to reporters on the sidelines of National Energy Conservation Day Function, on rising dues of RE producers from discoms, the minister said, “It is a matter of worry because the quantum is just Rs 15,000 crore or Rs 16,000 crore. But it amounts to 11-month of their billing.”
A latest status report of the power minister finalised on November 29, 2021 showed that the total overdue amount of discoms towards renewable energy (RE) producers stood at Rs 19,013 crore as on October 31, 2021, which constitutes 20 per cent of total amount of overdues of Rs 93,906 crore.
