Nevertheless, the full dangerous money owed as a result of reductions to energy era firms in February fell barely from Rs 1.03,116 crore in January of this 12 months and Rs 102,676 crore in December 2020.
The PRAA portal was launched in Might 2018 to supply transparency in electrical energy buy transactions between mills and discoms.
As of February 2021, the full overdue quantity, which has not been cleared even after 45 days of grace interval supplied by the mills, stood at Rs 91,549 crore in opposition to Rs 73,867 crore the identical month a 12 months in the past. 12 months.
The overdue quantity stood at Rs 92,120 crore in January 2021 and Rs 93,599 crore in December 2020.
Electrical energy producers give reductions 45 days to pay their electrical energy payments. After that, the unpaid contributions change into unpaid and the producers cost penal curiosity on this quantity usually.
To alleviate electrical energy manufacturing firms (gencos), the Heart has arrange a fee safety mechanism from August 1, 2019.
Underneath this mechanism, reductions are required to open letters of credit score to acquire energy.
The central authorities had additionally given the reductions just a few breaths for paying contributions to energy era firms in preparation for the COVID-19-induced lockdown.
The federal government had additionally waived the penalties for late fee of contributions within the directive.
In Might, the federal government introduced a money injection of Rs 90,000 crore for reductions below which these utilities would acquire loans at economical charges from Energy Finance Company (PFC) and REC Ltd. Later the liquidity infusion package deal was elevated to Rs 1.2 lakh crore after which to Rs 1.35 lakh crore.
Final month Vitality Minister RK Singh stated in a written response to Rajya Sabha that “up to now loans of Rs 1,35,497 crore have been sanctioned (below the infusion system of liquidity and Rs 46,321 crore had been launched to States / DISCOMs by REC and PFC (Energy Finance Company) “.
The minister additionally defined to the Home that because of the ensuing nationwide lockdown, the earnings of electrical energy distribution firms (DISCOM) had plummeted, as folks had been unable to pay for the electrical energy consumed.
Reductions from Rajasthan, Uttar Pradesh, Jammu and Kashmir, Telangana, Andhra Pradesh, Karnataka, Maharashtra, Jharkhand, Haryana and Tamil Nadu account for the majority of contributions to the gencos of energy, in accordance with the information.
Unpaid money owed from unbiased energy producers amounted to 46.31 p.c of the full arrears of Rs 91,549 crore in reductions in February.
The proportion of late central PSU gencos was 40.21 p.c. Among the many central public sector energy mills, NTPC alone has an overdue quantity of Rs 14,110.26 crore on data, adopted by Damodar Valley Company at Rs 6,200.08 crore, NLC India at Rs 6,047.48 crore, NHPC at Rs 2,538.10 crore and THDC India at Rs 2,004.66 crore in February 2021.
Amongst non-public mills, discoms owe the biggest delay of Rs 17,178.62 crore to Adani Energy, adopted by Lalitpur Energy Era Firm Ltd, owned by the Bajaj Group, at Rs 4,817.12 crore, SEMB (Sembcorp) at Rs 3,178. 40 crore and GMR at Rs 2,195.12 crore in February 2021.
The delay in producing unconventional power like photo voltaic and wind was Rs 12,346.04 crore in February 2021. KKS MKJ