The government is in the process of rolling out a new tariff policy and UDAY 2.0 to address the issue of losses of discoms, which is the “only difficulty” in ensuring round the clock electricity supply for all, Power Minister R K Singh said.
According to the PRAA portal, the total outstanding of the discoms to gencos as of July this year stood at Rs 73,425 crore, including the overdue amount of Rs 55,276 crore. The dues to discoms become overdue after 60 days of non-payment of the bill, allowing gencos charge penal interest on that.
“There is a capacity to transfer (supply) any quantum (of power). There is no reason why 24X7 power cannot be given. The only difficulty in this (24X7 power for All) is losses to some distribution utilities. They don’t have money to pay for power,” Singh told . Read More
Latest posts by ET Energy World (see all)
- Oil rises on surprise U.S. crude drawdown, prospect of OPEC action - October 24, 2019
- Hyderabad: LPG supply halted for 10 more days - October 24, 2019
- Rs 1 lakh crore bad loans ailing India’s power sector: TERI - October 23, 2019