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Discoms' outstanding dues dip by Rs 24,689 crore to Rs 1,13,269 crore in last 6 months: Power Ministry

"With the implementation of Electricity (LPS and Related Matters) Rules, 2022, remarkable improvement has been seen in recovery of outstanding dues of Suppliers including Generating Companies, Transmission Companies and Traders," a power ministry statement said.

November 30, 2022 / 01:58 PM IST
(Representative Image)

(Representative Image)

The Ministry of Power on Wednesday said outstanding dues of electricity distribution firms (discoms) towards gencos, transcos and traders have come down by Rs 24,680 crore to Rs 1,13,269 crore in the last six months.

"With the implementation of Electricity (LPS and Related Matters) Rules, 2022, remarkable improvement has been seen in recovery of outstanding dues of Suppliers including Generating Companies, Transmission Companies and Traders," a power ministry statement said.

The total outstanding dues of states (discoms) which were at Rs 1,37,949 crore as on June 3, 2022 have been reduced by Rs 24,680 crore to Rs 1,13,269 crore with timely payment of just four EMIs (equated monthly installments), it stated.

For the payment of EMI of Rs 24,680 crore, five states have taken a loan of Rs 16,812 crore from PFC (Power Finance Corporation) and REC Ltd and eight states have opted to make their own arrangement, it said.