Andhra Pradesh Govt releases INR 2984 cr for DISCOMS to clear power dues

government recently released a sum of INR 2,984 crore to clear long- pending dues to and generators, central generating stations and state generating stations.

Of the total, Rs 2,199 crore will go to CGS and SGS while and generators will get the balance.

According to an order issued by Energy Secretary N Srikant the pending payments to renewable energy generators have been cleared up to December 2019.

The amount has been released towards payment of 25 per cent losses of taken over for the years 2017-18 and 2018-19 under #UDAY.

The AP High Court recently ordered that all pending payments to renewable energy companies be cleared even as the matter related to re-negotiation of power purchase agreements has been referred to the AP Electricity Regulatory Commission.