Andhra Pradesh discoms enter into LPS with centre to resolve their liability

Andhra Pradesh discoms have joined the late payment surcharge (LPS) scheme introduced by the central government, under which discom’s liability with respect to generators in power purchase payments are being resolved in a phased manner.

Andhra Pradesh discoms subscribed for LPS in which all power generator dues till 2022 can be liquidated in a year in 12 instalments. The LPS dues of the state discoms stand at Rs 170.60 billion which will be settled in 12 monthly instalment. Reportedly, the discoms have already paid the first instalment of Rs 14.22 billion to generators recently.