Discoms owe ₹40,000 crore to power generators

Discoms owe ₹40,000 crore to power generators

The dues that power distribution companies (Discoms) owe generation companies (Gencos) have crossed 40,000 crore, according to industry players.

“We are following up with the State governments to ensure the timely payment of dues. This is also discussed during our monthly interactions,” Secretary, Ministry of Power, A K Bhalla, told BusinessLine.

Cash flow suffers

According to industry officials, outstanding payments to Gencos from Discoms reached 37,219 crore as of September. These figures will rise to over 45,000 crore if invoices of the last 60 days are added. Said an industry official: “The alarming level of outstandings has already started impacting the cash flows of various companies.” Read More

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