New Delhi: Ahead of the Central Generation Company (Gencos) has dropped to RS 35,314 Crore in August from Rs 49,780 Crore a year after the Electricity Ministry begged a tripartite agreement with the default and RBI countries to restore the amount of electricity to take supplies to utilities that failed to pay their bills on time.
Under Raj Kumar Singh’s watch, the Ministry has requested an agreement with Jharkhand, Karnataka and Tamil Nadu to recover the combined results of Rs 30,087 Crore, taking a politically non-partisan approach to overcome one of the electrical sectors.
On August 31, Jharkhand had an extraordinary one from Rs 3,292 Crore.
The Ministry restored Rs 714 Crore and had served notifications for 1,126 crore RS recovery.
Karnataka Discom has an extraordinary one from Rs 5,240 Crore.
Recovery notice has been issued for RS 1,540 Crore.
Tamil Nadu has an extraordinary Crore RS 21,555.
Tripartite Agreement is a payment security mechanism for power supplied from Gencos Center to the country.
It was signed by the State, Ministry and RBI.
In the case of a discom failed to pay the bill, it became the country’s obligation.
The ministry then can debit the number of state accounts with the RBI.
Under the ministry’s direction, the central power station was also issued in the past few months notification of notifications to J & K, Madhya Pradesh and the selection of polls, where BJP has high bets.
Discom gets 45 days to pay their bills to buy from Gencos.
After this period, an extraordinary bill was set as the number of ‘overdue’ and made by Gencos.