The Andhra Pradesh (A.P.) power distribution companies (DISCOMs) subscribed to the Late Payment Surcharge (LPS) scheme introduced by the Central government to reduce their liability to generators in a phased manner over the next 12 months.
The total outstanding payments of DISCOMs as of Monday amount to ₹17,060 crore, of which the DISCOMs have paid ₹1,422 crore towards the first instalment on August 6, according to the special chief secretary (energy) K. Vijayanand.
Participating as the chief guest in the Independence Day celebrations at Vidyut Soudha here on Monday, Mr. Vijayanand said the above scheme would help the DISCOMs in clearing their debts, and strengthen AP-Genco thereby facilitating reliable power supply.
