NEW DELHI: Power producer NTPC will give Rs 1,363 crore discount to distribution companies (discom) on fixed or capacity charges during the lockdown period this fiscal, the state-run company said on Wednesday. The NTPC board has also approved deferring the collection of Rs 2,064 crore fixed charges from discoms till the end of lockdown, imposed to contain the coronavirus pandemic. "After the economy opens up, those fixed charges would be paid by discoms in equal installments without interest. "We have asked our CPSUs (gencos) to give 20 to 25 per cent discount to discoms on cost of power. This will be reflected in the first bill of the consumers after economy reopens (after lockdown is over)," he had said.

Source: Economic Times June 11, 2020 01:51 UTC