Rising DisCom Dues: Where is this going to end?
End of August, Electricity Distribution Companies reach a new height, in performance. Outstanding payment dues to renewable power generators alone reach 10,900 Crores across the country. Only to Renewable generators, not including other types of generators! August also saw Government of India accepting to give TANGEDCO, one of the DisComs, a loan of nearly Rs.30,000 crores to set right its debt laden portfolio. But what worries most of us, the tax payers, is that, will this save the ailing Discom? What is the point in helping a leaky boat. However much you keep trying, it is going to continue leaking! The first effort should be to stop the leak, identify where and why it started leaking and then move on to support it. But, till today, there has not been any effort in plugging the leak anywhere. Instead, we are only ploughing in more and more money. What good is that going to bring to the company or to the people? Rs.30,000 Crores of tax payer money is again going to go down the drain.