New Delhi: Power producers’ total outstanding dues owed by distribution firms rose over 47% year-on-year to ₹ 1.33 lakh crore in June 2020, reflecting stress in the sector.
Distribution companies (discoms) owed a total of ₹ 90,655 crore to power generation firms in June 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 June 2020, the total overdue amount, which was not cleared even after 60 days of grace period offered by generators, stood at ₹ 1,20,041 crore, as against ₹ 72,362 crore in the year-ago period.
