Discoms' dues to gencos shooting over Rs1.56 lakh cr
Accumulated losses of all discoms in India were Rs5.07 lakh cr by 2019-20: Power min
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New Delhi: Total outstanding dues owed by power distribution utilities or discoms to generation firms (gencos) are estimated to be more than Rs1.56 lakh crore, Parliament was informed on Thursday.
"Discoms have not been able to pay the generation companies for the power procured, and the outstanding payments to generation companies are estimated to be in excess of Rs1,56,000 crore. The outstanding dues to renewable generators are around 11 months of revenues. Therefore, reforms have been deliberated upon in consultation with the states and all stakeholders," Power Minister RK Singh said in a written reply to the Lok Sabha.
The condition of most of the state government owned distribution companies is a matter of grave concern, the minister stated. Their AT&C (aggregate technical and commercial) losses at the end of 2019-20 range from an average of 21 per cent to a maximum of 60.16 per cent. The gap between Average Cost of Supply (ACS) and Average Revenue Realised (ARR) excluding Regulatory Assets and Ujwal DISCOM Assurance Yojana (UDAY) grants averages 60 paise per unit in 2019-20 and the accumulated losses of all discoms in the country by 2019-20 have risen to Rs 5,07,416 crore, he informed the House.
