Power Crisis: Despite PFC-REC loan, discoms’ dues rise 8% at April-end

State-run electricity distribution companies’ (discoms’) overdues — pending receivables of 45 days or more — from private power producers increased 8% on year to Rs 36,018 crore at April-end, even as their total overdues stood at Rs 68,330 crore, down 9.6% from a year earlier.

Receivables from central government power stations fell 39% annually to Rs 20,978 crore.

Discoms cleared bills of Rs 12,361 crore in April against Rs 38,286 crore in March – they usually pay a larger portion of the dues in the last month of a fiscal year.

Invoices cleared in the month in April was still 76% higher than the value of bills paid in April FY21, thanks to PFC-REC loans received by dicsoms under the Rs 1.25-lakh-crore liquidity infusion scheme announced by the Centre.