Discoms owe Rs 1 lakh cr to energy producing companies until Feb: Energy Minister

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The excellent quantity of the discoms (energy distribution firms) turns into overdue after 45 days of elevating the invoice for provide of energy by gencos.

Energy distribution utilities excellent dues stood at Rs one lakh crore on the finish of February this yr, Parliament was knowledgeable on Tuesday.

“As per information offered by the facility sector Producing firms, on the PRAAPTI Portal, on the finish of February 2022, a complete quantity of Rs 1,00,931 crores is due from the DISCOMs,” Energy Minister RK Singh mentioned in a written reply to the Rajya Sabha.

Based on the reply, this overdue quantity doesn’t embrace the disputed quantity.

The excellent quantity of the discoms (energy distribution firms) turns into overdue after 45 days of elevating the invoice for provide of energy by gencos.

The minister defined that the federal government has made a number of interventions to enhance monetary and operational efficiencies of discoms linked to reform measures, together with Liquidity Infusion Scheme (LIS); Extra Borrowing of 0.5 per cent of GSDP to states linked to energy sector reforms; introducing extra prudential norms for lending by Power Finance Corporation (PFC) and REC based mostly on the efficiency of utilities; and Revamped Distribution Sector Scheme (RDSS).

Additional, the federal government had additionally issued an order dated June 28, 2019, imposing opening and sustaining of ample Letter of Credit score (LC) as cost safety mechanism below energy buy settlement (PPA) by Distribution Licensees.

The order mandates NLDC (Nationwide Load Dispatch Centre) and RLDC (regional load dispatch centres) to dispatch energy solely after it’s intimated by GENCO and discom confirming the opening of LC.

These reform measures will enhance the monetary well being of discoms, which is able to enhance the liquidity scenario resulting in a discount in excellent dues to energy producing firms (GENCOS), Singh acknowledged.

The minister additionally knowledgeable the Home that as per projections of the Central Electrical energy Authority, the share of coal-based thermal energy technology capability within the yr 2030 could be round 32 per cent within the power combine as towards the current share of 52 per cent.
In one other reply, Singh mentioned that 36.79 crore LED bulbs have been distributed until March 16, 2022, which resulted in power saving of 47,784 million models of electrical energy every year, peak demand discount of 9,566 MW and 38.70 million tonnes of CO2 emission discount yearly.

The EESL has put in over 1.23 crore (as of March 16, 2022) LED road lights in ULBs (city native our bodies) and gram panchayats throughout India, which has resulted in power saving of 8,516.7 million models of electrical energy every year, peak demand discount of 1,419.45 MW and 5.87 million tonnes of CO2 emission discount yearly, he added.

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