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Discoms outstanding dues to power gencos rise nearly 17pc to Rs 1.02 lakh cr in Feb
Synopsis
Discoms in Rajasthan, Uttar Pradesh, Jammu & Kashmir, Telangana, Andhra Pradesh, Karnataka, Maharashtra, Jharkhand, Haryana and Tamil Nadu account for the major portion of dues to power gencos, the data showed.
Agencies
Power producers give 45 days to discoms to pay bills for electricity supply. After that, outstanding dues become overdue and generators charge penal interest on that in most cases.
Total dues owed by electricity distribution companies to power producers rose nearly 17 per cent to Rs 1,02,684 crore in February this year, reflecting persistent stress in the sector. Distribution companies (discoms) owed a total of Rs 87,888 crore to power generation firms in February 2020, according to portal PRAA (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators).
Discoms outstanding dues rose nearly 17% to Rs 1.02 lakh cr in Feb
Distribution companies (discoms) owed a total of Rs 87,888 crore to power generation firms in February 2020, according to portal PRAA (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators)
PTI | April 4, 2021 | Updated 11:22 IST
The overdue amount stood at Rs 92,120 crore in January 2021 and Rs 93,599 crore in December 2020
Total dues owed by electricity distribution companies to power producers rose nearly 17 per cent to Rs 1,02,684 crore in February this year, reflecting persistent stress in the sector. Distribution companies (discoms) owed a total of Rs 87,888 crore to power generation firms in February 2020, according to portal PRAA (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators).
State-run Power Finance Corporation (PFC) has paid an interim dividend of Rs 1,182.63 crore to the government for financial year 2020-21. Power Finance Corporation has paid an interim dividend of Rs 1,182.63 crore to government of India for the financial year 2020-21 on March 31st, 2021 on 1,47,82,91,778 number of equity shares (56 per cent) held by the government, a PFC statement said. The interim dividend RTGS (real time gross settlement) intimation bank advice was presented to Power Minister R K Singh by Ravinder Singh Dhillon, CMD, PFC in the presence of Power Secretary Alok Kumar on Wednesday. The interim dividend for FY 2020-21 at the rate of Rs 8 per equity share of face value of Rs 10 each was declared by the board of directors of PFC in its meeting held on March 12, 2021, it added.
The interim dividend RTGS (real time gross settlement) intimation bank advice was presented to Power Minister R K Singh by Ravinder Singh Dhillon, CMD, PFC in the presence of Power Secretary Alok Kumar on Wednesday.