The government tabled a White Paper on the financial health of the power sector in Telangana revealing that the electricity distribution companies (Discoms) had debts of ₹81,516 crore and the accumulated losses of Discoms increasing to ₹62,461 crore as on October 31 this year.
Deputy Chief Minister Bhatti Vikramarka, who also holds the Power department tabled the White Paper, said that out of the total debt, ₹30,406 crore was borrowed as working capital to pay charges to the electricity generators. Apart from this, the Discoms have to pay ₹28,673 crore as generation and transmission charges.
Mr. Bhatti Vikramarka said the Discoms were pushed into debt with the government departments defaulting to the tune of ₹ 28,842 crore and the Discoms were facing difficulty to purchase power. The amount due from the lift irrigation projects was to the tune of ₹14,193 crore. The government government defaulting on payment towards committed true-up charges of ₹ 14,928 crore has increased the problems of the Discoms.
