Power sector NPAs set to surge by ₹3 trillion as state discoms delay payments


Power sector NPAs set to surge by ₹3 trillion as state discoms delay payments

As much as 3 trillion of investment in a dozen private power plants is at risk of turning into NPA as state discoms buying power have not been making payment for months, official data and sources said.

According to data available on the PRAAPTI portal of the power ministry, 12 power plants of private firms such as GMR and Adani Group and public sector generators like NTPC Ltd have about 41,730 crore outstanding from state distribution companies (discoms) as of December 2018.

Dues as on date run into an estimated 60,000 crore, half of it being towards independent power producers in the power sector.

The Bharatiya Janata Party (BJP)-ruled Uttar Pradesh has the most outstanding dues of 6,497 crore, followed by Maharashtra at 6,179 crore.  Read More

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