Power Generating Companies | The Asian Age

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power generating companies

The Union power ministry has made it mandatory for discoms to open and maintain sufficient letters of credit (LC) as a payment-security mechanism under power purchase agreements (PPAs) signed with generation companies (gencos or generators) from August 1, 2019. (Representational Image)

Payment security mechanism to induce discipline, but may stretch discom financials: CRISIL

Genco gain spells discom discomfort. The LCs to induce discipline, but may stretch discom financials, the report said.

29 Jul 2019 6:47 PM

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