Discoms owe Rs 92,693 cr to power producers in February

Gencos give 60 days to discoms for paying bills for the supply of electricity. After that, outstanding dues become overdue and generators charge penal interest on that in most cases. In order to give relief to gencos, the Centre enforced a payment security mechanism from August 1, 2019. Under this mechanism, discoms are required to open letters of credit for getting power supply.

from Energy-Industry-Economic Times https://ift.tt/2xY3n5M