Dis­coms’ out­stand­ing dues to power gen­er­a­tors rise 24.7% to ₹39,498 cr

Hindustan Times ST (Jaipur) - - World - Press Trust of In­dia feed­[email protected]

NEW DELHI: Amid stress in the power sec­tor, woes of elec­tric­ity gen­er­at­ing firms have in­creased fur­ther as their out­stand­ing dues on state dis­tri­bu­tion com­pa­nies (dis­coms) rose to ₹39,498 crore in Oc­to­ber 2018, up 24.7% from a year-ago lev­els, of­fi­cial data showed.

In Oc­to­ber 2017, the dis­coms’ dues to power-pro­duc­ing com­pa­nies stood at ₹31,676 crore, the data avail­able on the PRAAPTI (Pay­ment Rat­i­fi­ca­tion And Anal­y­sis in Power Pro­cure­ment for Bring­ing Trans­parency in In­voic­ing of Gen­er­a­tors) web­site showed.

The web­site was launched by the gov­ern­ment in May last year to bring trans­parency in pay­ments. Dis­coms of Ut­tar Pradesh (UP), Ma­ha­rash­tra, Te­lan­gana, Andhra Pradesh, Kar­nataka, Delhi and Tamil Nadu owe the ma­jor por­tion of dues to the power gen­er­at­ing com­pa­nies and take over 514 days or about 1 year and 4 months to make pay­ments, the por­tal showed.

While UP tops the list with 537 days in mak­ing pay­ments, Delhi takes 519 days and is fol­lowed by Ma­ha­rash­tra (518 days), Kar­nataka (517 days), Ra­jasthan (516 days), Tamil Nadu (515 days), Te­lan­gana (514 days) and Andhra Pradesh (514 days).

Out­stand­ings of pub­lic sec­tor ther­mal power com­pa­nies amount to over 55% of the to­tal dues of ₹39,498 crore on dis­coms. This in­cludes out­stand­ing of NTPC at ₹15,661.31 crore, NHPC at ₹3,011.67 crore and Damodar Val­ley Cor­po­ra­tion at ₹1,990.59 crore.

Dis­coms owe the most to Adani Power at ₹6,878.94 crore, Bajaj Group-owned Lal­it­pur Power Gen­er­a­tion Com­pany Ltd at ₹1,861 crore, GMR at ₹1,630.40 and Sem­b­corp En­ergy at ₹1,712.32 crore among the pri­vate gen­er­a­tors. Se­nior of­fi­cials of ther­mal power gen­er­a­tion firms said: “Such stag­ger­ing lev­els of un­paid bills have left pri­vate sec­tor com­pa­nies wor­ried. While the is­sue of 30,000MW stressed as­sets are yet to be re­solved, this alarm­ing level of un­paid bills have started im­pact­ing cash­flows of many com­pa­nies.”

Out­stand­ings of pub­lic sec­tor ther­mal power firms amount to over 55% of the to­tal dues of ₹39,498 crore on dis­coms.

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