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Home INTERNATIONAL Discoms' fantastic dues to power gencos rise 63% to Rs 1.23 trn...

Discoms’ fantastic dues to power gencos rise 63% to Rs 1.23 trn in April

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Power producers’ whole superb dues owed by distribution firms rose practically 63 for every cent to Rs 1.23 trillion in April 2020 in excess of the very same thirty day period past yr, reflecting stress in the sector.&#13
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Distribution businesses (discoms) owed a complete of Rs 75,642 crore to electric power technology companies in April 2019, in accordance to portal PRAAPTI (Payment Ratification And Analysis in Electrical power procurement for bringing Transparency in Invoicing of turbines).&#13
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The portal was introduced in May perhaps 2018 to deliver in transparency in energy order transactions between the generators and discoms.&#13
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In April 2020, the complete overdue volume, which was not cleared even soon after 60 times of grace period supplied by turbines, stood at Rs 1,08,487 crore as towards Rs 58,200 crore in the same thirty day period of the preceding calendar year.&#13
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In accordance to the latest information on the portal, total excellent dues in April has greater in excess of the preceding thirty day period. In March 2020, the complete dues of discoms stood at Rs 1,13,048 crore.&#13
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The overdue quantity in April 2020 also increased from Rs 1,01,181 crore in March 2020.&#13
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Energy producers give 60 times to discoms for spending charges for the supply of electricity. Following that, fantastic dues become overdue and turbines cost penal interest on that in most scenarios.&#13
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In order to give reduction to ability generation businesses (gencos), the Centre enforced a payment security mechanism from August 1, 2019. Underneath this system, discoms are required to open letters of credit for finding power supply.&#13
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The central authorities had offered moratorium to discoms for shelling out dues to ability generating providers (gencos) in perspective of Covid-19-induced lockdown. The governing administration had also waived the penal prices for late payment of dues in the directive.&#13
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Previous month, the federal government introduced Rs 90,000 crore liquidity infusion for discoms below which these utilities would get personal loan at economical fees from Electricity Finance Corporation and REC Ltd. This was an initiative of the govt to support gencos to continue to be afloat.&#13
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Discoms in Rajasthan, Uttar Pradesh, Jammu & Kashmir, Telangana, Andhra Pradesh, Karnataka and Tamil Nadu account for the major portion of dues to energy gencos, the info showed.&#13
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Overdues of impartial energy producers amount to 37 per cent of the whole overdue of Rs 1,08,387 crore of discoms in January. The proportion of central PSU gencos in the overdue was 35.47 for every cent.&#13
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Among the central public sector ability generators, the NTPC by itself has an overdue total of Rs 19,138.38 crore on discoms, adopted by NLC India at Rs 6,246.22 crore, NHPC at Rs 3,668.41 crore, THDC India at Rs 2,384.70 crore and Damodar Valley Company at Rs 1,442.03 crore.&#13
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Among the personal turbines, discoms owe the best overdue of 20,346.99 crore to Adani Power followed by RKMP (RKM Powergen Pvt Ltd) at Rs 3,421.68, Bajaj Team-owned Lalitpur Electricity Technology Company Ltd at Rs 3,187.25 crore and GMR at Rs 1,930.16 crore.&#13
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The overdue of non-conventional power producers like photo voltaic and wind, stood at Rs 8,409.93 crore in April.&#13

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