Power Minister RK Singh aims to wipe out genco dues within a year

The Minister for Power and New & Renewable Energy R.K. Singh said he intended to clear the outstanding dues of power generating companies (gencos) within the next 10-12 months. This announcement aligns with the minister's claim that the power sector has significantly improved in viability under his leadership.

In an interview with CNBC-TV18 addressing the viability of the power sector, Singh highlighted its key achievements, stating, "We have made the sector highly viable, with aggregate technical & commercial (AT&C) losses reduced to 15.41%, and we are committed to bringing them down further to 12%. The dues of gencos have already seen a substantial decrease from ₹1.35 lakh crore to ₹52,000 crore."

Singh assured the public and stakeholders that the government is actively working to wipe out the remaining dues of gencos in the coming 10-12 months.