Mercom Insider

POSOCO Forbids 15 DISCOMS in Seven States from Trading in Power Exchanges

The 15 DISCOMS together owe ₹14.76 billion to power generating companies

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Power System Operation Corporation (POSOCO) has debarred 15 distribution companies (DISCOMs) in six states and a Union Territory from buying or selling electricity at power exchanges as a penalty for not clearing their dues to generators under the Late Payment Surcharge Rules.

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