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PowerMin announces second special scheme in two years to clear discom dues

Total amouny owed to gencos at record Rs 1 trillion; scheme enables discoms to pay up in 48 instalments, freezes amount outstanding as on notification date

On April 16, as evening peak time approached, the cost of electricity at the exchange climbed up to Rs 10.31 per unit by 4 pm

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3 min read Last Updated : May 26 2022 | 1:00 AM IST

For the second time in two years, the union ministry of power has notified a scheme for the power distribution companies (discoms) to defer their dues towards the power generating companies (gencos). With the dues of the discoms touching a record high of Rs 1 trillion, the ministry has proposed a scheme to liquidate the discoms’ dues.

The proposed scheme would enable the discoms to pay their dues in 48 instalments, said the notification by the ministry. It has also proposed to provide one-time relaxation to all the discoms wherein the amount outstanding -including principal amount and late payment surcharge

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