Telangana discoms default on payment to solar developers

New Delhi: Telangana state electricity distribution companies (discoms) have not paid outstanding dues of around ₹3,200 crore to solar power developers, two people in the know said, requesting anonymity.

The last payment made by state discoms was for electricity supplied till March 2020. The development may dent India’s image as a green energy champion, they added. Solar firms, such as Acme Solar, Rays Power Infra, Goldman Sachs-backed ReNew Power, Actis Llp’s Sprng Energy, Global Infrastructure Partners’ Vector Green Energy, and GIC Holdings Pte. Ltd-backed Greenko, have not received any payment from the discoms since then.

Telangana’s 3.6 gigawatt (GW) installed solar power generation capacity was set up with an investment of about ₹20,000 crore.