The financial profile of the state distribution utilities or discoms has not seen an improvement in 2019-20
However, the overdue amount in October has increased over preceding month of September. The total overdue amount was Rs 65,155 crore in September.
In September this year, total overdue amount, which was not cleared even after 60 days of grace period offered by generators, stood at Rs 52,408 crore as against Rs 34,658 crore in the same month last
However, some say the benefits have not been encouraging and full privatisation might be better
Power producers give 60 days' time to discoms for paying bills for the supply of electricity. After that, the outstanding becomes overdue and generators charge penal interest on that in most cases
This is the second letter in two months by the Union ministry to the Andhra Pradesh government after the state decided to review all the renewable power projects, citing high costs
He says private investment will come back to the sector in one year as the government has created demand from 26.5 million households through a single programme apart from taking other measures
UPERC says tariff hike was imperative due to increase in expenditure concurrent with decrease in revenue of the state power discoms
Only 55% of the target achieved till July; no new capacities set up in hydro or nuclear power
India has an ambitious goal of installing 175 gigawatts of renewable energy by 2022