UDAY Targets: Discoms hit by payment delay
State government departments’ staggering dues to the country’s public sector power discoms — Rs 39,442 crore in aggregate at last count, which is more than the discoms’ combined financial losses in FY17 or around 10% of their total turnover in the year — have made their task of meeting the key UDAY targets more difficult. The aggregate technical and commercial (AT&C) losses of state-run discoms in the country stood at 23% in Q3FY18 versus the FY18 target of 18.8% the AT&C figure would have been lower by close to 1 percentage point if the dues from state departments were received in time. Delayed receipts reflect adversely on AT&C figures because these deflate the revenue against the units of electricity sold.Non-payment of bills sixty days .....