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REC Approves ₹220 Billion for DISCOMs to Clear Dues to Power Generators

The step is an attempt to address the mounting dues of state power utilities

August 5, 2022

/ Rakesh Ranjan
/ Grid, Market & Policy
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REC Limited, a public infrastructure finance company, has approved ₹220 billion (~$2.78 billion) for the power utilities of Jharkhand, Rajasthan, Chhattisgarh, and Jammu & Kashmir to clear their outstanding dues to power generators.

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Rakesh Ranjan

More articles from Rakesh Ranjan.
DISCOMsDueslate payment surchargepower sectorREC
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