Discoms' Dues To Generation Companies Rise To Rs 93,609 Crore In October
Dues owed by power distribution companies (discoms) towards producers rose to Rs 93,609 crore in October, from Rs 91,738 crore in September, according to a power ministry report.
State-owned National Thermal Power Corporation (NTPC) and independent producer Adani Power are some of the significant players towards whom discoms owe dues.
The overdue amount is one that has not been paid even after the expiry of 45 days grace period post bill generation. Many power generation companies normally charge penal interest on overdues.
The report indicates the stress being faced by the power sector owing to which dues have piled up over a period of time.
In the last one year, dues owed by discoms have followed an erratic pattern, rising and falling almost on a monthly basis.Â
The total overdues of discoms had started sliding from January this year, when they had come down to Rs 97,334 crore from Rs 99,831 crore in December, 2020. However, they had again risen to Rs 97,292 in February 2021.
The overdue amount again dipped to Rs 80,281 crore in March and remained steady at Rs 81,533 crore in April this year. It jumped to Rs 90,210 crore in May and rose further to Rs 95,529 crore in June and Rs 98,909 crore in July this year.
In August, it dipped to Rs 98,042 crore.
The data showed that the amount of overdues of discoms towards independent power producers (IPP) has been rising since January this year, when it was Rs 38,364 crore and went up to Rs 50,642 crore in October, 2021, which is 54 per cent of the total overdue outstanding.
As on October 31, 2021, among the IPPs, Adani Power had maximum amount of overdues to be paid by the discoms at Rs 24,834 crore followed by Lalitpur Power Generation Company at Rs 4,493 crore, ILFS Tamil Nadu Power Company at Rs 3,106 crore and Sembcorp Energy India at Rs 2,496 crore.
The amount of overdues of discoms towards central public sector enterprises stood at Rs 23,955 crore as on October 31, 2021, which constitutes 26 per cent of the total amount.
Among state-owned entities, NTPC had the maximum amount of overdues to be paid by discoms at Rs 4,591 crore, followed by NLC India at Rs 2,692 crore and DVC at Rs 2,465 crore.
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