Accused by the stubborn refusal of several electricity distributors (Discoms) to pay outstanding payments, the state-owned electricity producer NTPC will soon ask the Centre for its approval to invoke rarely used tripartite agreements (TPPs). In October 2018, depending levies on electricity producers increased by 39,488 Crore, 24.7% more than the previous year « Private sector investment contributed to India`s increased power. It is therefore the untable duty of discos to pay them taxes. We cannot have this approach of buying electricity, but not paying for it. I think national governments should also play a key role in ensuring that fees are paid, » he said. The stock of public thermal power plants amounts to more than 55% of the total tax of 39,498 euros us on discoms. These include the remaining NTPC at 15,661.31 Crore, NHPC at 3,011.67 Crore and Damodar Valley Corporation with 1990.59 ₹. « If the remaining fees for the discos of the last 60 days are added, the figures would exceed 50,000 kronor, » said a senior official at a thermal power plant. New Delhi: Amid the stress in the energy sector, the problems faced by electricity-producing companies have worsened further, as their levies on state-owned distributors (Discoms) increased in October 2018 to 39,498 euros, an increase of 24.7% over the previous year, according to official data.
« NTPC is considering all possible options (to clarify the levies earned by the discomses), including GoI`s application for the invocation of the provisions of TPA, » the company told the FE following a request to do so. Normally, the country`s largest electricity producer sends regulatory notices to nightclubs to force them to raise fees. As previously reported by FE, NTPC had informed nightclubs in a large number of states, including Uttar Pradesh, Bihar, Odisha, Telangana, Andhra Pradesh and Karnataka, that power will be limited from 10 March if bills are not released quickly. In accordance with these communications, which were verified by the UAE, the company repeatedly reminded states to delete invoices, but to no avail. In the event of a default, PFIs are covered by a tripartite agreement with the Reserve Bank of India and states where the RBI can withdraw the money directly from a state`s accounts and pay the financial institution.