Surplus power may cause Rs 8,000 crore loss to discoms in FY17

Surplus power may cause Rs 8,000 crore loss to discoms in FY17

State power distribution companies (discoms) are staring at a net loss of Rs 8,000 crore in the current fiscal owing to purchase agreements in excess of power demand, according to India Ratings and Research (Ind-Ra).

Ind-Ra’s expectation is based on the assumption that discoms will surrender the power purchase agreements (PPAs) with the highest variable cost by paying the fixed costs based on the agreement, it said in a statement.  Read More…

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