PRAAPTI PORTAL

PRAAPTI PORTAL

Subject : Governance

Context : Distribution companies (discoms) owed a total of Rs 87,888 crore to power generation firms in February 2020, according to portal PRAAPTI.

Concept :

• The Union Ministry of Power has launched web portal and app namely PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators).
• The webportal and app aims to bring transparency in power purchase transactions between Generators and Discoms.

Key Features

• The PRAAPTI app and web Portal will capture invoicing and payment data for various long term Power Purchasing Agreements (PPAs) from power generation companies (generators).
• This will help stakeholders in getting month-wise and legacy data on outstanding amounts of Discoms against power purchase.
• The PRAAPTI app will also allow users to know the details related to payments made by Discoms to power generators and when they were made.
• It will also enable consumers to evaluate financial performance of their Discoms in terms of payments being made to generators.
• The PRAAPTI portal will also help DISCOMs and GENCOs to reconcile their outstanding payments.
• It will facilitate relative assessment of various State DISCOMs on ease of making payments to various generators and will also help make transactions in power Sector more transparent.