Reduced Late Payment Surcharges, A Double Whammy for Power Generators?
The Ministry of Power has proposed to lower the surcharge to reduce the financial strain on DISCOMs and help them pay on time
November 11, 2020
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To reduce the financial burden of distribution companies (DISCOMs), the Ministry of Power (MoP) proposed a reduction in late payment surcharges (LPS) for payment delays to the power generators last month. This is a big blow to power generators who were already experiencing late payments and now have to lose out on the interest for the amount delayed.
Nithin Thomas
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