Power Ministry warns discoms to pay bills on time, promises more funding

MUMBAI : The central government intends to infuse liquidity into financially frail public power distribution companies (discoms), a press release from the Ministry of Power said. While these efforts are ongoing, discoms must pay their bills to power generators on time despite the ongoing covid-19 crisis and the national lockdown, the ministry clarified.

“Efforts are being made to infuse some liquidity in the power sector, the details of which would be shared with discoms shortly,” the press release said. “However, discoms may also raise funds, if required, to meet this crisis.” The obligation to pay for power within 45 days of the presentation of the bill or as provided in the PPA (power purchase agreement) remains unchanged, the release said.