Non-payment of dues by discoms: Renewable energy firms in AP seek Centre’s intervention
Solar and wind power plant developers in Andhra Pradesh have sought the Centre’s intervention to clear the outstanding dues of around Rs 3,000 crore owed to them by the state-run power distribution companies (discoms).
Although the Andhra Pradesh High Court had directed the discoms to pay these power plants at a provisional rate of Rs 2.43/unit — against the Rs 4.84/unit tariff they were receiving earlier — till the disputes are resolved, renewable generation companies have complained that they have not been receiving payments regularly even at the reduced rates. Overdue — receivables pending for more than 60 days — has increased 30% since April to Rs 2,921 crore at October-end.
