India’s power discoms owe more than Rs 6,800 cr to RE firms as payment dues: CEA


India’s power discoms owe more than Rs 6,800 cr to RE firms as payment dues: CEA

At a time when the country is targeting a renewable energy capacity of 175 gigawatt (GW) by 2022, power distribution companies across the country owe close to Rs 6,872 crore to renewable energy developers up to 16 August 2019, Central Electricity Authority (CEA) said in a recent report.

The report showed that power discoms of Andhra Pradesh (Rs 2,591 crore), Telangana (Rs 1,319 crore) and Karnataka (934 crore) account for 70 per cent of the total Rs 6,872 crore owed to renewable energy developers.

CEA in a letter to state discoms earlier this month communicated the need to monitor payment of dues to renewable energy companies from state power distribution companies. Read More

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