Payment Security Mechanism | The Asian Age

Friday, Apr 26, 2024 | Last Update : 03:24 AM IST

Payment security mechanism

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

1 of 1

ADVERTISEMENT

MOST POPULAR

1

Clean chit for Aryan Khan in cruise drugs case

2

'Chak de phatte India', says Harnaaz Sandhu after becoming Miss Universe 2021

3

Mutation linked to remdesivir resistance found in Covid patient

4

Climate finance isn’t charity, says Union minister Bhupender Yadav at COP26 summit

5

Indian origin astronaut-led NASA's SpaceX Crew-3 team headed to ISS

ADVERTISEMENT

Columns

Sunil Gatade

Sunil Gatade | Is the absence of a ‘big idea’ hurting the BJP?

Analysis reveals Prime Minister Modi's diminishing impact as opposition highlights governance failures and divisive tactics.

Dilip Cherian

Dilip Cherian | Wheels of discord: IPS officer in Haryana has an odd complaint

Senior IPS Officer Y. Puran Kumar Raises Eyebrows with Complaint of Car Discrimination Amid Lok Sabha Elections

Sanjeev Ahluwalia

Sanjeev Ahluwalia

Sanjeev Ahluwalia | The choice in Elections 2024: A grand spectacle or a wake?

Modi's "Guarantee 2024" vs Congress' "Nyay Patra" - A Clash of Narratives

Aakar Patel

Aakar Patel | If India becomes a Hindu Rashtra, will there be any difference at all?

Exploring the historical context and implications of the term "Hindu Rashtra" in light of constitutional and legal frameworks.

Copyright © 2016 - 2024 The Asian Age. Designed, Developed & Maintained By Daksham