Power Ministry asks plants to charge late fee at less than 12% per annum

“In general, the applicable rate of Late Payment Surcharges (LPS) is quite high despite the fact that interest rates in the country have softened over the last few years. The rate of LPS in many cases ranges upto 18% per annum and has adversely impacted discoms during this difficult phase of lockdown imposed on account of COVID-19 pandemic,” the statement said.

from Energy-Industry-Economic Times https://ift.tt/31gfQgS