Discoms’ outstanding dues to power gencos rise 28 per cent to Rs 1,380 billion

Power producers’ total dues owed by distribution firms rose over 28 per cent year-on-year to Rs 1,384.79 billion in September 2020..

According to the payment ratification and analysis in power procurement for bringing transparency in invoicing of generators (PRAAPTI) portal, discoms owed a total of Rs 1,079.30 billion to power generation firms in September 2019. In September 2020, the total overdue amount, which was not cleared even after 45 days of grace period offered by generators, stood at Rs 1,266.61 billion, as against Rs 857.90 billion in the year-ago period. According to the latest data on the portal, total outstanding dues in September increased on a month-on-month basis as well. In August 2020, total outstanding dues of discoms stood at Rs 1,349.28 billion. The overdue amount in September 2020 has increased from Rs 1,220.90 billion in August 2020.

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