Daily News Wrap-Up: Outstanding Dues of State Power DISCOMs Reduced by Half in a Year
Jodhpur DISCOM floats tenders for 163 MW solar projects under the KUSUM program
July 31, 2023
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The Union Minister of New Renewable Energy and Power, R. K. Singh, in a written reply to Lok Sabha, stated that the effective enforcement of the Electricity (Late Payment Surcharge and Related Matters) Rules in 2022 has led to a notable enhancement in the recovery of outstanding dues owed to suppliers, which includes generating and transmission companies. The total outstanding dues of states was ₹1.39 trillion (~$16.9 billion) as of June 3, 2022. However, through the timely payment of twelve equated monthly installments, this amount has been substantially reduced to ₹699.6 billion (~$8.5 billion) as of July 2023.