From the central government directives it seems 13 states are in trouble, even barred from trading on the energy exchanges.
These states have been barred for their pending dues, their power bills which haven’t been paid. These are pending for a long time, more than 7 months.
IEX management has clarified that the restriction has been removed from 6 out of those 13 states already. The government thought that it was necessary to bar the defaulting states and it is hoping for the other states for the payment solution sooner.
Various options are being chopped out to relieve these states and one of them is EMI for the payment. Options are also discussed to allow these states to take loans from REC-PFC to make payment to the generation companies.
Ministry is discussing the whole thing with the concerned states along with the other stakeholders and is hopeful to find out the agreeable payment solution within a week.
