NTPC to give Rs 1,363 crore rebate on fixed charges to discoms
NEW DELHI: Power producer NTPC will give Rs 1,363 crore discount to distribution companies (discom) on fixed or capacity charges during the lockdown period this fiscal, the state-run company said on Wednesday. The NTPC board has also approved deferring the collection of Rs 2,064 crore fixed charges from discoms till the end of lockdown, imposed to contain the coronavirus pandemic. The charges would be collected in three equal installments without any interest, the PSU said.
The fixed charges are paid by discoms under power purchase agreement for the cost of setting up of a power plant.
The revenue collection of power distribution companies was hit due to reduced industrial activity after the lockdown was imposed to contain the spread of COVID-19 in the country.
