Renewable energy companies expect a boost to their business from the Rs.900 bn liquidity announced by the government for power distribution companies. According to industry executives and experts, the package was much-needed amid the disruption caused by the pandemic, however they do not expect such measures to work in the long term. Renewable energy companies, like other power producers, have been plagued by delays in payment by cash-strapped discoms. With a likely improvement in liquidity, they hope the distributors would start clearing the dues. As reported, industry executives also expect the discoms, which have long-term PPAs with renewable energy companies, to allow them to sell electricity in the open market.
