PFC-REC merger has dried up availability of funds for discoms, says Association of Power Producers


PFC-REC merger has dried up availability of funds for discoms, says Association of Power Producers

In a meeting of the power producers last week, the key issues discussed were the nonpayment by discoms as well as the coal shortage. CNBC-TV18 spoke with Ashok Khurana, director-general of Association of Power Producers and Prashant Jain, joint MD & CEO of JSW Energy to get their views on the development.

“Today, outstandings of the private generation segment is at about Rs 40000 crore and out of which about Rs 16000-17000 crore power sold, Rs 7000 crore is for those orders, which have been made for change in law and discoms are not paying money and another Rs 17000 crore is under litigation because of deficit coal quantity we are getting from CIL and has not been made a pass -through for the last two years,” Khurana said on Tuesday. Read More

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