The losses of power distributing firms to the government-owned power generating firms have swelled to a mammoth Rs 15,792 crore at the end of last September while last year’s government promised loss restructuring package for electricity distribution companies is yet to be realised. The swelled sum is a two-and-a-half times jump over total dues of Rs 6,200 crore three years back in June 2010.
Ill financial health of discoms, coupled with contractual disputes between generating companies and State power utilities or departments have resulted in the mammoth loss figure. The growth in dues, if continued at the current pace, it could severely dent the expansion plans of energy PSUs.
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