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Discoms' outstanding dues to power generation companies rise nearly 24% to Rs 1.36 lakh crore in December

The distribution companies (discoms) owed a total of Rs 1,10,660 crore to power generation firms in December 2019, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators).

February 28, 2021 / 11:16 AM IST
Representative image

Representative image

Total dues owed by electricity distribution companies to power producers rose nearly 24 per cent to Rs 1,36,966 crore in December 2020 compared to the same month a year ago, reflecting stress in the sector.

The distribution companies (discoms) owed a total of Rs 1,10,660 crore to power generation firms in December 2019, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators).

The portal was launched in May 2018 to bring in transparency in power purchase transactions between the generators and discoms.

In December 2020, the total overdue amount, which was not cleared even after 45 days of grace period offered by generators, stood at Rs 1,27,498 crore as against Rs 97,835 crore in the year-ago period.