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Andhra DISCOMs Seek ₹30 Billion Loan from PFC and REC to Clear Power Generators’ Dues

The dues for the power supplied from July to December 2020 worked out to be ₹5.93 billion

April 5, 2021

/ Rakesh Ranjan
/ Grid, T&D,
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Distribution companies (DISCOMs) in Andhra Pradesh have informed the Andhra Pradesh High Court they had sought a loan of ₹30 billion (~$407.95 million) from the Power Finance Corporation (PFC) and REC to enable them to clear the dues to power generators.

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Rakesh Ranjan

More articles from Rakesh Ranjan.
Andhra PradeshAPEPDCLAPSPDCLDISCOMsDuesHigh Court
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