Chennai: Electricity producers’ total dues owed by the distribution firms rose over 35 per cent to Rs 1,41,621 crore in November 2020, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators).
It said the distribution companies (discoms) owed a total of Rs 1,04,426 crore to power generation firms in November 2019.
In November 2020, the total overdue amount, which was not cleared even after 45 days of grace period offered by generators, stood at Rs 1,29,868 crore as against Rs 93,215 crore in the year-ago period.
As per the latest data on the portal, total outstanding dues in November increased on a month-on-month basis as well. In October 2020, the total outstanding dues of discoms stood at Rs 1,39,057 crore.
The overdue amount in November 2020 has increased from Rs 1,26,444 crore in October 2020.
The portal was launched in May 2018 to bring in transparency in power purchase transactions between the generators and discoms.