Total outstanding dues of states towards gencos reduced to Rs 61,025 crore: RK Singh
Union Minister for Power, New and Renewable Energy RK Singh has said that the total outstanding dues of states towards power generating companies (gencos) on PRAAPTI Portal, which were at Rs 1,20,540 crore as on June 3, 2022, have been reduced to Rs 61,025 crore as on July 24, 2023 with the timely payment of 12 equated monthly instalments (EMIs).
Singh stated that there has been significant improvement in the realisation of dues of power generating companies post implementation of Electricity (Late Payment Surcharge and Related Matters) Rules, 2022, promulgated on June 3, 2022. He also said distribution companies are also paying their current dues in time to avoid regulations under the rule.
On coal supplies, the minister said that to address the issues of coal supplies to the power sector, an Inter-Ministerial Sub Group meet regularly to take various operational decisions to enhance the supply of coal to thermal power plants as well as for meeting any contingent situations relating to power sector, including to alleviate critical coal stock position in power plants. Besides, an inter-ministerial Secretary-level meeting is held regularly to monitor coal stocks. He added that the government has issued revised coal stocking norms, which mandate the power plants to maintain sufficient stock at all times to meet any contingent situation.
Tag News
Monthly Debt Market Update, September 2023: CareEdge Ratings