Discoms obliged to provide unconditional LCs for power purchases: Power Minister


Discoms obliged to provide unconditional LCs for power purchases: Power Minister

Raj Kumar Singh, Minister of State (MoS) Independent Charge for Ministry of Power, has asked all distribution companies (discoms) to provide unconditional Letter of Credit (LC) for power purchases.

“This decision has been taken after it was brought to the notice of Power Ministry that some discoms have opened conditional LC which requires approval from concerned discoms for encashment etc,” a press release by the PIB read.

The release added that the Regional Load Despatch Centres (RLDCs) have been asked to issue directions to select State Load Despatch Centres (SLDCs) for meeting the orders issued by the Ministry of Power on June 28, in the last year in relation with LCs and its amendments.

“RLDCs have been asked to issue suitable directions to respective SLDCs for compliance of Power Ministry’s order on LCs dated June 28, 2018 Read More

Leave a Reply

Your email address will not be published.