DISCOM Dues to Power Generators Dropped to Rs 6.16 Bn
POWER & RENEWABLE ENERGY

DISCOM Dues to Power Generators Dropped to Rs 6.16 Bn

Distribution companies (DISCOMs) owed power generators Rs 615.95 billion (~$7.07 billion) in total dues for the monthly billing cycle in January 2025, according to the Ministry of Power’s payment ratification and analysis portal PRAAPTI. The DISCOMs owed power generators Rs 672.91 billion (~$7.72 billion) in December. The trigger date is one month after the payment due date or two and a half months after the generating company presents the bill, whichever is later. The DISCOMs are allowed to pay the outstanding amount in up to 48 installments. The Grid Controller of India released an updated procedure to implement the Electricity (Late Payment Surcharge and Related Matters) Rules 2022 and subsequent amendments. The procedure applies to intra-state and inter-state generators, licensees, and distribution entities, focusing on payment security, power scheduling, and addressing non-payment scenarios. In October 2024, the Ministry of Power issued the Electricity Distribution (Accounts and Additional Disclosure) Rules to improve transparency in financial disclosures and support regulatory compliance for DISCOMs. The rules aim to ensure financial safeguards against long-term defaults by mandating provisions for receivables and enforcing the reporting of trade receivable days.

Distribution companies (DISCOMs) owed power generators Rs 615.95 billion (~$7.07 billion) in total dues for the monthly billing cycle in January 2025, according to the Ministry of Power’s payment ratification and analysis portal PRAAPTI. The DISCOMs owed power generators Rs 672.91 billion (~$7.72 billion) in December. The trigger date is one month after the payment due date or two and a half months after the generating company presents the bill, whichever is later. The DISCOMs are allowed to pay the outstanding amount in up to 48 installments. The Grid Controller of India released an updated procedure to implement the Electricity (Late Payment Surcharge and Related Matters) Rules 2022 and subsequent amendments. The procedure applies to intra-state and inter-state generators, licensees, and distribution entities, focusing on payment security, power scheduling, and addressing non-payment scenarios. In October 2024, the Ministry of Power issued the Electricity Distribution (Accounts and Additional Disclosure) Rules to improve transparency in financial disclosures and support regulatory compliance for DISCOMs. The rules aim to ensure financial safeguards against long-term defaults by mandating provisions for receivables and enforcing the reporting of trade receivable days.

Next Story
Infrastructure Urban

Maharashtra Tops FDI Inflows with 31% in H1 FY2425

Maharashtra has retained its position as India’s leading destination for foreign direct investment (FDI), attracting Rs 1.13 trillion (tn) in the first six months of FY 2024-25. This accounts for 31.48 per cent of India’s total FDI inflow during the period, Chief Minister Devendra Fadnavis announced. In a post on X, Fadnavis highlighted the state’s exceptional performance, noting that the FDI received from April to September 2024 was 94.71 per cent of the average annual FDI recorded over the past four years."The first half of FY 2024-25 saw FDI of Rs 1132.36 billion (bn), close to t..

Next Story
Products

Certified Wooden Flooring

Span Floors has introduced the Fiemme Tremila range under premium biocompatible engineered wooden flooring. They offer solutions to improve indoor air quality in high-pollution areas. With collections like Fior di Fiemme and Luci di Fiemme, the floors are treated with BioPlus® to release beneficial alpha-pinene, enhancing indoor air quality naturally. Free from harmful chemicals, these certified biocompatible floors offer sustainability and durability.  Contact: Span FloorsWebsite: www.spanfloors.com  ..

Next Story
Products

Glossy Tiles

Asian Granito India Limited has launched its latest collection, the Presto, featuring glossy 600x1200mm tiles in 23 designs and 57 SKUs. With an 8.5mm thickness, these tiles are perfect for both wall and floor installations. Inspired by natural marble, the collection offers easy installation and efficient manufacturing. The collection is ideal for residential and commercial projects.Contact: Asian Granito India LimitedWebsite: www.aglasiangranito.com  ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?