Tag: Discoms

Discoms’ outstanding dues to power gencos rise 35 per cent to Rs 1.41 lakh crore in November

NEW DELHI: Power producers’ total dues owed by the distribution firms rose over 35 per cent to Rs 1,41,621 crore in November 2020, reflecting stress in the sector. The distribution companies (discoms) owed a total of Rs 1,04,426 crore to power generation firms in November 2019, according to portal PRAAPTI (Payment Ratification And Analysis in […]

Jammu and Kashmir power sector to receive Rs 11,000 crore financial aid

SRINAGAR: A loan assistance of Rs 11,024.47 crore has been approved for Jammu & Kashmir (J&K) under the Atmanirbhar Bharat Abhiyan (liquidity infusion scheme in DISCOMs). This will enable J&K to clear its outstanding payments under power purchases made by it, officials said. An MoU for availing the second tranche of this loan for Rs […]

Over Rs 70,000 crore worth of loans sanctioned to discoms under liquidity package

NEW DELHI: As much as Rs 70,590 crore worth of credit has been sanctioned to discoms under the liquidity package for payment of dues by these utilities, Parliament was informed on Sunday. Finance Minister Nirmala Sitharaman in May this year had announced a Rs 90,000 crore liquidity infusion into cash-strapped discoms for clearing their outstanding […]

Discoms obligated to pay for electricity within 45 days: Power Ministry

NEW DELHI: With its relief being construed as a moratorium on payments, the Union Power Ministry has clarified that electricity distribution companies will continue to be obligated to pay for power within 45 days of presentation of the bill. It, however, lowered late payment charges for the period between March 24 and June 30. In […]

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