A Web portal and an App — PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators), www.praapti.in, was launched on Tuesday by the Minister of State (I/C) for Power RK Singh.
The app was launched in the presence of Secretary, A.K. Bhallaand other senior officials of Ministry of Power, Chairman & Managing Director, PFC, CMDs of other Power Sector PSUs and various officials of Power Sector.
PRAAPTI App and web portal has been developed to bring transparency in power purchase transactions between Generators and Discoms.
The App and Web Portal will capture the Invoicing and payment data for various long term PPAs from the Generators.
This will help the stakeholders in getting month-wise and legacy data on outstanding amounts of Discoms against power purchase.
The app will also allow users to know the details related to the payments made by the Discoms to the power generation company and when they were made.
PRAAPTI will also enable the consumers to evaluate financial performance of their Discoms in terms of payments being made to the generation companies.
The Portal would also help DISCOMs and GENCOs to reconcile their outstanding payments.
The portal would facilitate relative assessment of various State DISCOMs on “Ease of making payments” to various Generation Companies, and will also help make transactions in the power Sector more transparent.