The Central Electricity Authority (CEA) has found that distribution companies across the country owe dues totaling ₹30.12 billion (~$420 million) to renewable energy projects aggregating 5,982 MW.
Last week, Mercom reported that the CEA is planning to maintain a database of all outstanding dues by DISCOMs to renewable energy generators. Payment delay is a major issue in the Indian renewable sector, and this step taken by the CEA is likely to help entities and stakeholders.
The CEA list will provide information about which state DISCOM payments have been delayed repetitively and over what duration. This will provide investors transparency and a fair idea about which are the high-risk states.
In May 2019, we reported about ongoing payment delays across states, especially in Andhra Pradesh, Tamil Nadu, and Telangana. Some instances in Madhya Pradesh and a DISCOM in Karnataka were also being blamed for long payment delays to developers. Read More
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