Power discoms owe dues worth Rs 68 billion to renewable energy developers
POWER & RENEWABLE ENERGY

Power discoms owe dues worth Rs 68 billion to renewable energy developers

As reported, the Central Electricity Authority (CEA) stated that power distribution firms throughout the country owed dues amounting to approximately Rs 68.72 billion to renewable energy developers. This includes: 

  • Andhra Pradesh: Rs 25.9136 billion
  • Telangana: Rs13.1845 billion
  • Karnataka: Rs 9.3386 billion
  • Madhya Pradesh: Rs 6.1302 billion
  • Tamil Nadu: Rs 5.5152 billion
  • Maharashtra: Rs 4.7233 billion
  • Rajasthan: Rs 3.3947 billion
  • NTPC: Rs 0.2532 billion
  • Uttarakhand: Rs 0.1152 billion
  • Sikkim: Rs 0.0636 billion
  • Punjab: Rs 0.0506 billion
  • Himachal Pradesh: Rs 0.0201 billion
  • Odisha: Rs 0.0124 billion
  • Uttar Pradesh: Rs 0.0006 billion
Almost 70 per cent of the total payment to be made belongs solely to the three states of Andhra Pradesh, Telangana and Karnataka.

As reportedly stated, CEA, in a letter to the state distribution companies had suggested the importance of monitoring payment of dues to renewable energy companies from state power discoms.

This comes at a time when India has set an ambitious target of achieving a renewable energy capacity of 175 GW by 2022, making it all the more crucial to resolve the issue.

Additionally, the Power Ministry also made it compulsory for power distribution companies to open and maintain adequate Letters of Credit as a payment security mechanism for signed PPAs with power generating companies. Along with laying out terms for them to pay energy generators fixed charges as per the PPAs, in case power is not procured from these energy generators.

As reported, the Central Electricity Authority (CEA) stated that power distribution firms throughout the country owed dues amounting to approximately Rs 68.72 billion to renewable energy developers. This includes: Andhra Pradesh: Rs 25.9136 billionTelangana: Rs13.1845 billionKarnataka: Rs 9.3386 billionMadhya Pradesh: Rs 6.1302 billionTamil Nadu: Rs 5.5152 billionMaharashtra: Rs 4.7233 billionRajasthan: Rs 3.3947 billionNTPC: Rs 0.2532 billionUttarakhand: Rs 0.1152 billionSikkim: Rs 0.0636 billionPunjab: Rs 0.0506 billionHimachal Pradesh: Rs 0.0201 billionOdisha: Rs 0.0124 billionUttar Pradesh: Rs 0.0006 billionAlmost 70 per cent of the total payment to be made belongs solely to the three states of Andhra Pradesh, Telangana and Karnataka.As reportedly stated, CEA, in a letter to the state distribution companies had suggested the importance of monitoring payment of dues to renewable energy companies from state power discoms. This comes at a time when India has set an ambitious target of achieving a renewable energy capacity of 175 GW by 2022, making it all the more crucial to resolve the issue.Additionally, the Power Ministry also made it compulsory for power distribution companies to open and maintain adequate Letters of Credit as a payment security mechanism for signed PPAs with power generating companies. Along with laying out terms for them to pay energy generators fixed charges as per the PPAs, in case power is not procured from these energy generators.

Next Story
Infrastructure Urban

Andhra Pradesh to Develop 30,000 Women-Led Enterprises by 2025

The Municipal Administration and Urban Development (MAUD) Department is accelerating efforts to create sustainable livelihoods for women in urban areas, in line with Chief Minister Nara Chandrababu Naidu’s goal of fostering one lakh women entrepreneurs by 2025. Under this initiative, the MAUD Department has set a target to establish 30,000 women-led enterprises across towns and cities in Andhra Pradesh. To support this vision, the department plans to establish Micro, Small & Medium Enterprises (MSMEs) for women in TIDCO housing complexes. Vacant plots across 163 colonies have been earmarked ..

Next Story
Infrastructure Energy

G Kishan Reddy discusses mining expansion, clearances with Chhattisgarh CM

Coal and Mines Minister G Kishan Reddy met Chhattisgarh CM Vishnu Deo Sai on Friday to expedite land acquisition and environmental clearances for mining projects. Reddy, who was on a two-day visit to review operations at South Eastern Coalfields Ltd (SECL), discussed measures to boost mining-led economic growth in the state. Key topics included speeding up land acquisition for mine expansions, obtaining quicker environmental approvals, and setting up integrated rehabilitation and resettlement sites. The minister also highlighted the importance of developing critical minerals in the region, alo..

Next Story
Infrastructure Urban

NITI Aayog's Vision for India's Auto Industry

NITI Aayog has launched the report titled "Automotive Industry: Powering India’s Participation in Global Value Chains," offering a roadmap for the country’s automotive future. Released by Shri Suman Bery, Vice Chairman, the report outlines key strategies to grow India’s automotive sector to $145 bn in component production by 2030. India is currently the fourth-largest automobile producer globally, but with only a modest three per cent share in the global automotive component market. The report emphasises the need to strengthen India’s position through competitive manufacturing, skill d..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?