New Delhi: Total outstanding dues of power distribution companies have come down to around Rs50,000 crore following the implementation of Electricity (LPS and Related Matters) Rules, 2022, Parliament was informed Thursday.
Total outstanding dues of distribution companies (discoms) were at Rs1,39,947 crore in June 2022, Power Minister RK Singh said in a reply to the Lok Sabha.
“With the implementation of the rules, a remarkable improvement has been seen in recovery of outstanding dues. The dues have reduced to Rs 49,452 crores after timely payment of eighteen (18) monthly installments as on January 31, 2024,” he said Distribution companies are also paying their current dues in time to avoid regulation of open access under the rule, Singh said. This rule has not only ensured that the outstanding dues are liquidated but has also ensured that the current dues are paid on time, the minister said.
