.. Surplus Power May Cause Rs 8,000 Crore Loss To Discoms In Fy17
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10 Aug 2016

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  • NEW DELHI: State power distribution companies (discoms) are staring at a net loss of Rs 8,000 crore in the current fiscal owing to purchase agreements in excess of power demand, according to India Ratings and Research (Ind-Ra). Ind-Ra's expectation is based on the assumption that discoms will surrender the power purchase agreements (PPAs) with the highest variable cost by paying the fixed costs based on the agreement, it said in a statement. According to the statement, 18 out of 36 states/UTs are expected to be power surplus in FY2016-17, as per the Central Electricity Authority's (CEA) Load Generation Balance Report 2016-17. It said that these discoms are likely to surrender some of th......

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