Power minister launches app for transparency in due to gencos from discoms
"This app will go a long way in addressing it. Prompt payments will make generators healthier," the minister said, adding this will also enable the banks to recover dues in time.
The app—christened Prapti (payment ratification and analysis in power procurement for bringing transparency in involving of generators—will bring transparency in the payments due to power producers from power distribution companies, power minister R K Singh said.
The minister said health of power generator companies was a concern.
"This app will go a long way in addressing it. Prompt payments will make generators healthier," he said, adding this will also enable the banks to recover dues in time.
In case of delayed payments, generation companies are in a weaker position while the distribution companies have an advantage.
He said the government is likely to finalise and circulate amendments to the Electricity Act in the next 5-7 days. He said the ministry is likely to include provisions of penalty on delayed payments by distribution companies to generation companies as one of the proposed amendments in the Act.
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