Discoms’ Dues to Power Gencos Rises 29% YoY to Rs 1.38 Lakh Crore in October

Discoms total dues owed to Gencos rose by over 29 percent year-on-year (YoY) to reach Rs 1.38 lakh crore in October 2020.

Power Distribution Companies (Discoms) total dues owed to power producer i.e. generation companies (Gencos) rose by over 29 percent year-on-year (YoY) to reach Rs 1,38,187 crore (Rs 1.38 lakh crore) in October 2020. According to the Power Ministry’s PRAA (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators) portal, Discoms owed a total of Rs 1,06,734 crore to Gencos in October 2019.

In October 2020, the total overdue amount, which was not cleared even after the 45 days of grace period offered by generators, stood at Rs 1,25,743 crore as against Rs 93,559 crore in the year-ago period.

According to the latest data on the portal, total outstanding dues in October increased on a month-on-month basis as well. In September 2020, the total outstanding dues of Discoms stood at Rs 1,36,566 crore. The overdue amount in October 2020 has increased from Rs 1,24,675 crore in September 2020.

Discoms in Rajasthan, Maharashtra, Uttar Pradesh, Jammu & Kashmir, Telangana, Andhra Pradesh, Karnataka, Jharkhand, Haryana and Tamil Nadu account for the major portion of dues to power Gencos, data showed.

Overdues of independent power producers amount to 34.19 percent of the total overdue of Rs 125,743 crore of Discoms in October. The proportion of central PSU Gencos in the overdue was 34.57 percent.

Last month, we had reported that the Discoms’ dues to Gencos had increased to Rs 1,38,479 crore in September 2020, witnessing a 28 percent rise YoY over the same month last year, having owed a total of Rs 1,07,930 Crore to Gencos in September 2019.

In September 2020, the total overdue amount, which was not cleared even after 45 days of grace period offered by generators, stood at Rs 1,26,661 crore, as against Rs 85,790 crore in the year-ago period. The overdue amount in September 2020 has increased from Rs 1,22,090 crore in August 2020.