{"id":512203,"date":"2022-08-05T12:28:58","date_gmt":"2022-08-05T06:58:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=512203"},"modified":"2022-08-05T12:28:58","modified_gmt":"2022-08-05T06:58:58","slug":"rec-sanctions-rs-22000-crore-to-discoms-under-new-lps-mechanism","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rec-sanctions-rs-22000-crore-to-discoms-under-new-lps-mechanism\/","title":{"rendered":"REC sanctions Rs 22,000 crore to discoms under new LPS mechanism"},"content":{"rendered":"<p>In a step towards addressing the issue of mounting dues of state power utilities, which has now crossed Rs 1.5 trillion, REC, the state-run financial institution in the power sector, has sanctioned Rs 22,000 crore to power distribution companies (discoms) under the government\u2019s Late Payment Surcharge (LPS) rules.<\/p>\n<p>According to a statement issued by REC, formerly Rural Electrification Corporation, major states such as Rajasthan, Jharkhand, Tamil Nadu, Maharashtra, J&amp;K, Madhya Pradesh and Uttar Pradesh, with pending power purchase dues to the tune of almost Rs 96,000 crore will be complying with the rules.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a step towards addressing the issue of mounting dues of state power utilities, which has now crossed Rs 1.5 trillion, REC, the state-run financial institution in the power sector, has sanctioned Rs 22,000 crore to power distribution companies (discoms) under the government\u2019s Late Payment Surcharge (LPS) rules. According to a statement issued by REC, formerly Rural Electrification Corporation, major states such as Rajasthan, Jharkhand, Tamil Nadu, Maharashtra, J&amp;K, Madhya Pradesh and Uttar Pradesh, with pending power purchase dues to the tune of almost Rs 96,000 crore will be complying with the rules.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-512203","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/512203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=512203"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/512203\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=512203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=512203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=512203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}