Dis­coms’ Dues to Power Gen­er­a­tors Surge 25%

The Economic Times - - Companies: Pursuit Of Profit -

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. “If the out­stand­ing dues on dis­coms of the past 60 days get added, the fig­ures would rise to over .₹ 50,000 crore,” a se­nior of­fi­cial of a ther­mal power com­pany said.

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, 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. — PTI

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