Complete excellent dues owed by electrical energy distribution firms (discoms) to energy producers rose 4.4 per cent year-on-year to Rs 1,21,030 crore in January 2022.
Discoms owed a complete of Rs 1,15,904 crore to energy technology corporations in January 2021, in line with portal PRAAPTI (Cost Ratification And Evaluation in Energy procurement for bringing Transparency in Invoicing of mills).
On a sequential foundation additionally, whole dues in January elevated from Rs 1,15,462 crore in December 2021.
The PRAAPTI portal was launched in Might 2018 to usher in transparency in energy buy transactions between mills and discoms.
In January 2022, the entire overdue quantity, which was not cleared even after 45 days of grace interval provided by mills, stood at Rs 1,01,357 crore as in opposition to Rs 99,650 crore in the identical month a yr in the past. The overdue quantity stood at Rs 99,981 crore in December 2021.
Energy producers give 45 days to discoms to pay payments for electrical energy provide. After that, excellent dues change into overdue and mills cost penal curiosity on that typically.
To provide reduction to energy technology firms (gencos), the Centre enforced a cost safety mechanism from August 1, 2019. Beneath this mechanism, discoms are required to open letters of credit score for getting energy provide.
The Centre had additionally given some breathers to discoms for paying dues to gencos in view of the COVID-19-induced lockdown. The federal government had additionally waived penal prices for the late cost of dues.
In Might 2020, the federal government had introduced a Rs 90,000-crore liquidity infusion for discoms beneath which these utilities acquired loans at economical charges from Energy Finance Company (PFC) and REC Ltd.
This was a authorities initiative to assist gencos stay afloat. Later, the liquidity infusion bundle was elevated to Rs 1.2 lakh crore and additional to Rs 1.35 lakh crore.
Discoms in Rajasthan, Uttar Pradesh, Jammu & Kashmir, Telangana, Andhra Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Jharkhand and Tamil Nadu account for the foremost portion of dues to gencos, the information confirmed.
Overdue of unbiased energy producers amounted to 54.56 per cent of the entire overdue of Rs 1,01,357 crore of discoms in January 2022.
The proportion of central PSU gencos within the overdue was 22.43 per cent.
Among the many central public sector gencos, NTPC alone has an overdue quantity of Rs 4,298.32 crore on discoms, adopted by NPCIL – KUDANKULAM NUCLEAR POWER PLANT at Rs 2,745.21 crore, DVC at Rs 2,447.83 crore and NLC India at Rs 2,206.86 crore in January 2022.
Amongst personal mills, discoms owe the very best overdue quantity of Rs 26,648.56 crore to Adani Energy, adopted by Bajaj Group-owned Lalitpur Energy Technology Firm at Rs 4,966.09 crore within the month beneath assessment.
The overdue of non-conventional vitality producers like photo voltaic and wind stood at Rs 19,651.15 crore in January, 2022.