Page 2 - Gencos

Gencos to face penalty for having low coal stock, says govt

Power Ministry notifies new coal stocking norms, gencos to follow month-wise threshold

Discoms' outstanding dues to gencos rise 4.4% to Rs 121,030 cr in January

Total outstanding dues owed by electricity distribution companies (discoms) to power producers rose 4.4 per cent year-on-year to Rs 1,21,030 crore in January 2022. Discoms owed a total of Rs 1,15,904 crore to power generation firms in January 2021, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators). On a sequential basis also, total dues in January increased from Rs 1,15,462 crore in December 2021. The PRAAPTI portal was launched in May 2018 to bring in transparency in power purchase transactions between generators and discoms. In January 2022, the total overdue amount, which was not cleared even after 45 days of grace period offered by generators, stood at Rs 1,01,357 crore as against Rs 99,650 crore in the same month a year ago. The overdue amount stood at Rs 99,981 crore in December 2021. Power producers give 45 days to discoms to pay bills for electricity supply. After that, outstanding dues

No access to alternate electricity sources to defaulting discoms: R K Singh

As on Dec 14, total dues of discoms towards gencos was Rs 98,682 cr; If the disputed amount is included, the dues stand at Rs 1.09 trn, inching closer to the record highs of last year

Centre invokes TPAs as gencos eye Rs 96.8K-cr from defaulting states

The power ministry recovered Rs 714 crore from Jharkhand last month

Gencos to be allowed to sell power in open market if not paid by discoms

Power ministry has made the suggestion in order to reduce the retail tariff for consumers and reduce burden of regular payment on the discoms

Discoms' outstanding dues to gencos fall 3% to Rs 78,379 cr in March

Total dues owed by electricity distribution companies to power producers fell 3.4% to Rs 78,379 cr in March 2021 as compared to the year-ago period, showing a reversal of discoms' growing outstandings

Private power generating companies seek sops on electricity export

Citing strategic advantage over China, the gencos have asked the Centre to consider influence over neighbouring countries through energy exchange

Discoms' outstanding dues to power gencos rise 35% to Rs 1.41 trn in Nov

In November 2020, the total overdue amount, which was not cleared even after 45 days of grace period offered by generators, stood at Rs 1,29,868 crore as against Rs 93,215 crore in the year-ago period

Discoms' outstanding dues to power gencos rise 28% to Rs 1.38 trn in Sept

The overdue amount in September 2020 has increased from Rs 1,22,090 crore in August 2020

Discoms' outstanding dues to power gencos rise 37% to Rs 1.33 trn in August

The portal was launched in May 2018 to bring in transparency in power purchase transactions between the generators and discoms

Power Ministry advises gencos to cap late payment surcharge at 12%

Power ministry has advised power generation and transmission firms to levy the late payment surcharge on discoms at not more than 12% in view of the stress in the sector amid Covid-19 pandemic

Payment security mechanism to benefit gencos, may hurt discoms: CRISIL

The power ministry has made it mandatory for discoms to open and maintain sufficient letters of credit as a payment-security mechanism under power purchase agreements signed with generation companies

Power gencos face penalty as coal demand hits a low

30 power plants with around 400-mt demand are sourcing coal below threshold limit