Tuesday, May 17, 2022
HomeBreaking NewsBehind power crisis: Genco dues to coal cos another cog

Behind power crisis: Genco dues to coal cos another cog

High demand for power due to the economic recovery post-Covid and sweltering heat across major parts of India, in addition to low power supply from imported coal-based plants due to high international prices, have strained India’s domestic coal supply chain. Large outstanding dues of power generation companies (gencos) to coal companies may be playing a role in the current power crisis as state gencos had total outstanding dues of about Rs 7,918.7 crore to Coal India, as of April 18. Sources said Coal India reduces supply of coal to power houses from states with high dues when there is […]

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