Discoms outstanding dues to gencos rise 4% to Rs 1.32 lakh crore in June – EQ Mag Pro
Total outstanding dues owed by electrical energy distribution firms (discoms) to energy producers rose by 4 per cent year-on-year to Rs 1,32,432 crore in June 2022. Discoms owed a complete of Rs 1,27,306 crore to energy era corporations in June 2021, in accordance to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of mills).
On a sequential foundation, whole dues in June elevated from Rs 1,30,139 crore in May 2022.
The PRAAPTI portal was launched in May 2018 to convey transparency in energy buy transactions between mills and discoms.
In June 2022, the whole overdue quantity, which was not cleared even after 45 days of grace interval supplied by mills, stood at Rs 1,15,128 crore as towards Rs 1,04,095 crore in the identical month a 12 months in the past. The overdue quantity stood at Rs 1,07,636 crore in May 2022.
Power producers give 45 days to discoms to clear payments for electrical energy provide. After that, outstanding dues grow to be overdue and mills cost penal curiosity on that in most instances.
To give aid to energy era firms (gencos), the Centre enforced a cost safety mechanism from August 1, 2019. Under this mechanism, discoms are required to open letters of credit score for getting energy provide.
The Centre had additionally given some breathers to discoms for paying dues to gencos in view of the COVID-19-induced lockdown. The authorities had additionally waived penal prices for the late cost of dues.
In May 2020, the federal government had introduced a Rs 90,000-crore liquidity infusion for discoms underneath which these utilities acquired loans at economical charges from (PFC).
This was a authorities initiative to assist gencos stay afloat. Later, the liquidity infusion bundle was elevated to Rs 1.2 lakh crore and additional to Rs 1.35 lakh crore.
Discoms in Maharashtra, Tamil Nadu, Telangana, Andhra Pradesh, Uttar Pradesh, Jammu & Kashmir, Karnataka, Madhya Pradesh, Jharkhand and Rajasthan account for the key portion of dues to gencos, the info confirmed.
Overdue of unbiased energy producers amounted to 53.17 per cent of the whole overdue of Rs 1,15,128 crore of discoms in June 2022.
The proportion of central PSU gencos in the overdue was 22.4 per cent.
Among the central public sector gencos,
alone has an overdue quantity of Rs 5,441.95 crore on discoms, adopted by DVC at Rs 3,885.19 crore and NPCIL at Rs 3,272.24 crore, in June, 2022.
Among personal mills, discoms owe the very best overdue quantity of Rs 21,625.02 crore to
in the month underneath overview. The overdue of non-conventional power producers like photo voltaic and wind stood at Rs 22,432.27 crore in June, 2022.
Source: PTI
