New Delhi: Energable in renewable electricity producers have swelled 47% to Rs 21,008 Crore in December from Rs 14,259 Crore a year ago because of the default advanced payment by the state distribution utility, marking trends that can punch holes in Indian climate commitments, which are mainly hinges Fast expansion of green energy capacity.
Renewable energy that has been renewable makes 21% of the delayed bills of all generation companies, including thermal power producers in the private and public sector, which was pegged at RS 98,682 Crore against RS 97,334 Crore a year ago.
Given the trend, the official said the number would reach Rs 1 Lakh Crore at the end of the month.
The thermal generator company accounted for RS 75,066 Crore from the total overdues.
While the anger of private power producers rose 38% to RS 54,394 Crore from Rs 39,152 Crore in December 2020, they declined 55% to RS 20,672 Crore from Rs 46,969 Crore for the government generator.
Unpaid billons underlined the fact that the bailout package and turnaround plan have not been able to bring the desired changes in the system as far as increasing the income of generation companies.
Coverage Before producers of private power, especially thermal companies, who face an increased risk of redundancy due to rising renewable capacity, perpetuating loan threats that seize lenders, which can reduce loans in the future.
Pending payments send the project into the cycle of the devil by increasing operating costs, encouraging loans which in turn raises interest costs which can ultimately demand the promoter.
Increased contributions from renewable energy companies can inhibit the increase in capacity when India requires a major investment to meet the renewable capacity target of 450 gw (gigawatt) in 2030, which is the core of climate and net-zero action.
The thermal producer puzzle was summarized by an industrial executive, which said: “The thermal generator of the public sector is able to regulate supply, wearing LCS (credit letters) with banks or adjusting outstandings from state funds with RBI.
Independent electrical producers, especially smaller players, especially smaller players, Who has plants in the state they supply, unable to give such steps for fear of retaliation or harassment by the state government, “said an industrial executive, asking for anonymity.
Cos’s renewable power ‘Surge 47% contribution to RS 21K CR in 1 year
