 "Power")
Payment delays by power distribution companies (Discoms) is posing a major challenge to the growth of the renewable energy sector, as it chokes liquidity and creates roadblocks in further funding of projects. While in some states the delay has been up to four months, the Maharashtra State Electricity Distribution Company Limited (MSEDCL) has stoppped buying power from wind power generators for the past three years, resulting in heavy losses, said a report.
Many developers completely rely on the capital market to raise funds, and payment delays by discoms impact their bond issuing capacity. Any default on these capital market instruments affects
