New Delhi, March 22 -- Privately owned power generating companies which are reeling under escalating dues have asked Ministry of Power to provide Trade Receivables Discount System (TReDS) facility to them the way it has been provided to MSMEs.
Power generating companies have asked for TReDS as they are reeling under escalating dues because of pending payment from states and litigation.
Ministry of MSME issued an instruction in November 2018 to companies with a turnover of more than Rs 500 Crores and all CPSEs to register on the TReDS platform.
TReDS platform was formed under the guidelines of the RBI. Once registered on the platform, bank accounts of the companies are linked with platform and agreements are signed for providing access...