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Indian Discoms must now use letters of credit when buying power

Indian Discoms must now use letters of credit when buying power

News   •   Aug 12, 2019 13:28 +08

The Indian government is trying to reduce delayed payments in the energy industry by making it mandatory for state power distribution companies (Discoms) to use letters of credit when they buy power.

Payment delays in India affect renewable energy companies

Payment delays in India affect renewable energy companies

News   •   Jun 10, 2019 08:14 +08

Payment delays in India by power distribution companies (also known as DISCOM) are affecting the cash flow of solar and wind energy companies in the country.