R K Singh launches PRAAPTI App, Web portal

Speed Post News Network

New Delhi : A Web portal and an App namely PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators), www.praapti.in, was launched on May 29, 2018, by Minister of State (I/C) for Power in the presence of Secretary A K Bhalla, and other senior officials of Ministry of Power, Chairman & Managing Director, Power Finance Corporation (PFC), CMDs of other Power Sector PSUs and various officials of Power Sector.

PRAAPTI App and web portal has been developed to bring transparency in power purchase transactions between Generators and Discoms. The App and Web Portal will capture the Invoicing and payment data for various long term Power Puchase Agreements (PPAs) from the Generators. This will help the stakeholders in getting monthwise and legacy data on outstanding amounts of Discoms against power purchase, according to a PIB release.

The app will also allow users to know the details related to the payments made by the Discoms to the power generation company and when they were made. PRAAPTI will also enable the consumers to evaluate financial performance of their Discoms in terms of payments being made to the generation companies. The Portal would also help DISCOMs and GENCOs to reconcile their outstanding payments.

The portal would facilitate relative assessment of various State DISCOMs on “Ease of making payments” to various Generation Companies, and will also help make transactions in the power Sector more transparent.