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Economy

Panel suggests mechanism for facilitating payments to power companies

Updated : November 22, 2018 05:35 AM IST

Besides, the panel headed by Cabinet Secretary P K Sinha has also recommended that Ministry of Power may engage with the power regulators to ensure that LPS (late payment surcharge) is mandatorily paid in the event of delay in payment by DISCOMs.
According to the Department of Financial Services report, as many as 34 coal-based thermal power projects, mostly private with a total capacity of 40,130 MW, were considered 'stressed' by the Ministry of Power on March 22,2017.
Panel suggests mechanism for facilitating payments to power companies
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