Discoms outstanding dues to gencos rise 4 pc to Rs 1.32 lakh cr in June


PTI, Jul 3, 2022, 10:25 AM IST

Total outstanding dues owed by electricity distribution companies (discoms) to power producers rose by 4 percent year-on-year to Rs 1,32,432 crore in June 2022.

Discoms owed a total of Rs 1,27,306 crore to power generation firms in June 2021, according to the portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators).

On a sequential basis, total dues in June increased from Rs 1,30,139 crore in May 2022.

The PRAAPTI portal was launched in May 2018 to bring transparency to power purchase transactions between generators and discoms.

In June 2022, the total overdue amount, which was not cleared even after 45 days of a grace period offered by generators, stood at Rs 1,15,128 crore as against Rs 1,04,095 crore in the same month a year ago. The overdue amount stood at Rs 1,07,636 crore in May 2022.

Power producers give 45 days to discoms to clear bills for electricity supply. After that, outstanding dues become overdue and generators charge penal interest on that in most cases.

To give relief to power generation companies (gencos), the Centre enforced a payment security mechanism from August 1, 2019. Under this mechanism, discoms are required to open letters of credit for getting a power supply.

The Centre had also given some breathers to discoms for paying dues to gencos given the COVID-19-induced lockdown. The government had also waived penal charges for the late payment of dues.

In May 2020, the government announced a Rs 90,000-crore liquidity infusion for discoms under which these utilities got loans at economical rates from Power Finance Corporation (PFC) and REC Ltd.

This was a government initiative to help gencos remain afloat. Later, the liquidity infusion package was increased to Rs 1.2 lakh crore and further to Rs 1.35 lakh crore.

Discoms in Maharashtra, Tamil Nadu, Telangana, Andhra Pradesh, Uttar Pradesh, Jammu & Kashmir, Karnataka, Madhya Pradesh, Jharkhand, and Rajasthan account for the major portion of dues to gencos, the data showed.

Overdue of independent power producers amounted to 53.17 percent of the total overdue of Rs 1,15,128 crore of discoms in June 2022.

The proportion of central PSU gencos in the overdue was 22.4 percent.

Among the central public sector gencos, NTPC alone has an overdue amount of Rs 5,441.95 crore on discoms, followed by DVC at Rs 3,885.19 crore and NPCIL at Rs 3,272.24 crore, in June 2022.

Among private generators, discoms owe the highest overdue amount of Rs 21,625.02 crore to Adani Power in the month under review. The overdue of non-conventional energy producers like solar and wind stood at Rs 22,432.27 crore in June 2022.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Jasprit Bumrah, Virat Kohli my favourite cricketers: Ex-CJI D Y Chandrachud

Veg diet, alcohol abstinence, behaviour training: UP cops prep for ‘pleasant’ Maha Kumbh

Senior BJP leaders meet Fadnavis after Mahayuti’s landslide win

Vijayapura: One-year-old child abducted from district hosp

‘Mrs’ a beautiful blend of my two passions acting and dancing: Sanya Malhotra

India reach 359-5 at tea against Australia on day 3 of opening Test

Kerala bypolls results: People reject anti-incumbency wave campaign by political opponents, says CPI

Related Articles More

Air India Express increases flight operations from northeast destinations

Mcap of 8 of top-10 most-valued domestic firms jumps Rs 1.55 lakh cr; HDFC Bank, TCS sparkle

Myntra pilots foray into quick commerce with ‘M-Now’ in select locations of Bengaluru

Never entered into pact to operate airport in Kenya: Adani

None of Adani portfolio cos subject to any legal case: Group CFO on promoter indictment in US

MUST WATCH

Prakash Belawadi

Naxal Leader Vikram Gowda

Christmas Cake Fruit Mixing

DK Shivakumar

Rose Cultivation


Latest Additions

Sambhal violence orchestrated by BJP, govt to divert attention from poll rigging: Akhilesh

CRPF sets up three new forward bases in Chhattisgarh’s hardcore Naxal areas

Jasprit Bumrah, Virat Kohli my favourite cricketers: Ex-CJI D Y Chandrachud

Veg diet, alcohol abstinence, behaviour training: UP cops prep for ‘pleasant’ Maha Kumbh

Senior BJP leaders meet Fadnavis after Mahayuti’s landslide win

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.