Power Min proposes waiver to power plants from advance frieght, coal payments
New Delhi: Power plants have been exempted from advance coal and freight payments for three months, which will prevent supply disruption during the lockdown and give a major relief to generating firms, particularly in the private sector.
A senior ministry official said the short-term dispensation was requested by private power companies that constitute 35% of Indian electricity generation base as they cited cash crunch due to non-payment by discoms. State and central generating companies including NTPCNSE -1.93 % also face the problems but the power ministry on Friday directed them to supply electricity to even defaulting state electricity distribution companies through a three- month moratorium.
