Andhra Pradesh tops the list with maximum pending dues from distribution companies to RE generators worth Rs 2,591.36 crore followed by Telangana (Rs 1,318.45 crore)
Even when the central government is actively pursuing the capacity addition of a record 1,75,000 mw in the renewable energy sector, the dues from the cash strapped distribution companies to renewable energy (RE) generators have been reported at Rs 6,871.57 crore as on July 31, 2019.
The Central Electricity Authority (CEA) in its analysis released on Tuesday said Andhra Pradesh tops the list with maximum pending dues from distribution companies to RE generators worth Rs 2,591.36 crore followed by Telangana (Rs 1,318.45 crore), Karnataka (Rs 933.86 crore), Madhya Pradesh (Rs 613.02 crore), Tamil Nadu (Rs 551.52 crore), Maharashtra (Rs 472.33 crore) and Rajasthan (Rs 339.47 crore).
The list of other states where distribution companies have pending arrears to RE generators includes Uttarakhand (Rs 11.52 crore), Sikkim (Rs 6.36 crore), Punjab (Rs 5.06 crore), Himachal Pradesh (Rs 2.01 crore), Odisha (Rs 1.24 crore) and Uttar Pradesh (Rs 0.06 crore). According to CEA, the state-run NTPC also owes Rs 25.32 crore.
TRIPPING ON PAYMENTS
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- Andhra Pradesh tops the list with maximum pending dues from distribution companies to RE generators worth Rs 2,591.36 crore followed by Telangana (Rs 1,318.45 crore)
- Karnataka has to pay Rs 933.86 crore, Madhya Pradesh Rs 613.02 crore, Tamil Nadu Rs 551.52 crore and Maharashtra Rs 472.33 crore
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A CEA source told DNA,''CEA's analysis is based on the information received from all RE generators relating to non-payment of dues by distribution companies on a regular basis. CEA has taken a decision to maintain the database of all outstanding dues of RE generators with distribution companies and therefore RE generators have been asked to provide details of such dues on a monthly basis.''
However, energy expert Ashok Pendse said that wind and solar generators are not getting paid for not just months but years together.
''There is a provision in all power purchase agreements that RE generators will get paid after 30 or 60 days, and beyond that time the distribution companies will have to pay delayed payment charges (DPC) to RE generators. However, none of the state distribution companies are paying the monthly bill and also the DPC. They are also not paying the penal interest rate on delayed payment. Unless the finances of distribution companies are improved, it will be a million-dollar question that how wind and solar generators will come out of the present mess,'' he said.
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