Dues of state-run power distribution companies to cash strapped power generators have increased by a third in April-January despite the government’s assurance that payments would be expedited.
Private sector power producers have asked the ministry of power for an urgent resolution to the delays in payment by state-owned distribution companies (discoms), which in turn, will help stave off the massive loan defaults by the producers.
State-run electricity distribution companies (discoms) reported financial losses of over Rs 15,000 crore in the first half of this fiscal — as much as the losses incurred by them during the whole of last year (see chart
As dues owed to power generators by the state-owned electricity distribution companies (discoms) continue to rise, the government is deliberating to introduce a pre-paid mechanism to safeguard the interest of power producers.
Energy Efficiency Services Ltd (EESL) today announced it has launched “super-efficient” Air Conditioners (ACs) under a programme aimed at residential and institutional consumers in the areas served by private discom BSES Rajdhani (BRPL) in Delhi.
Andhra Pradesh Eastern Power Distribution Company Limited (APEPDCL) has estimated that it will have to bear an additional burden of nearly Rs 27.53 crore to provide nine hours of free power supply to all 28,056 eligible farmers in Visakhapatnam district,
Finance minister Piyush Goyal on Friday, advocating easier norms for recognition of NPAs, came out in support of some borrowers who are not able to repay their loans in 90 days.
The Ministry of Power (MoP) has constituted a new committee to study and submit its recommendations into the issue of delayed payments by distribution companies (DISCOMS) to power generating companies (GENCOs) and Independent Power Producers (lPPs).
Load Shedding To Become A Costly Affair: Union Government To Penalise Discoms For Unscheduled Power Cuts
The Union government is soon expected to approve a proposal to impose penalties on power distribution companies (discoms) for unscheduled power cuts, reports Press Trust of India (PTI).
Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Ltd has identified over 600 people with minimum dues of Rs1 lakh and more each pending in their names. A total due of Rs13.60 crore