Complete dues owed by electrical energy distribution corporations to energy producers rose almost 24 per cent to Rs 1,36,966 crore in December 2020 in comparison with the identical month a 12 months in the past, reflecting stress within the sector.
The distribution corporations (discoms) owed a complete of Rs 1,10,660 crore to energy technology corporations in December 2019, in response to portal PRAAPTI (Fee Ratification And Evaluation in Energy procurement for bringing Transparency in Invoicing of turbines).
The portal was launched in Might 2018 to usher in transparency in energy buy transactions between the turbines and discoms.
In December 2020, the whole overdue quantity, which was not cleared even after 45 days of grace interval provided by turbines, stood at Rs 1,27,498 crore as in opposition to Rs 97,835 crore within the year-ago interval.
In accordance with the newest knowledge on the portal, whole excellent dues in December dipped on a month-on-month foundation. In November 2020, the whole excellent dues of discoms stood at Rs 1,40,741 crore.
The overdue quantity in December 2020 has decreased from Rs 1,27,539 crore in November 2020.
Energy producers give 45 days to discoms to pay payments for electrical energy provide. After that, excellent dues turn into overdue and turbines cost penal curiosity on that typically.
To present aid to energy technology corporations (gencos), the Centre enforced a cost safety mechanism from August 1, 2019. Below this mechanism, discoms are required to open letters of credit score for getting energy provide.
The central authorities had additionally given some breathers to discoms for paying dues to energy producing corporations in view of the COVID-19-induced lockdown. The federal government had additionally waived penal fees for late cost of dues within the directive.
In Might, the federal government introduced Rs 90,000 crore liquidity infusion for discoms below which these utilities would get loans at economical charges from Energy Finance Company (PFC) and REC Ltd.
This was a authorities initiative to assist gencos to stay afloat. Later, the liquidity infusion package deal was elevated to Rs 1.2 lakh crore.
Discoms in Rajasthan, Uttar Pradesh, Jammu & Kashmir, Telangana, Andhra Pradesh, Karnataka, Maharashtra, Jharkhand, Haryana and Tamil Nadu account for the key portion of dues to energy gencos, the info confirmed.
Overdue of impartial energy producers quantity to 32.14 per cent of the whole overdue of Rs 1,27,498 crore of discoms in December. The proportion of central PSU gencos within the overdue was 33.57 per cent.
Among the many central public sector energy turbines, NTPC alone has an overdue quantity of Rs 17,946.97 crore on discoms, adopted by Damodar Valley Company at Rs 6,682.61 crore, NLC India at Rs 6,123.78 crore, NHPC at Rs 3,141.43 crore and THDC India at Rs 2,022.23 crore.
Amongst personal turbines, discoms owe the best overdue of Rs 16,878.25 crore to Adani Energy adopted by Bajaj Group-owned Lalitpur Energy Era Firm Ltd at Rs 4,462.10 crore, SEMB (Sembcorp) at Rs 2,735.62 crore and GMR at Rs 2,195.12 crore. The overdue of non-conventional power producers like photo voltaic and wind stood at Rs 12,117.78 crore in December.
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