PRAAPTI app

• The Ministry of Power has launched a web portal and an app called PRAAPTI (Payment Ratification and Analysis in Power procurement for bringing Transparency in Invoicing of generators) in an effort to bring in greater transparency in power purchase transactions between generators and distribution companies (DISCOMs).
• The app is currently available for download on Android devices only.

About App and Portal:

• The main purpose of this initiative is to herald a new era of transparency in financial transaction in the power sector.
• Both the web portal and app will reflect the invoicing and payment data for many long-term power purchase agreements (PPAs) from the generators.
• It will also benefit all the stakeholders by giving them month-wise data on the outstanding amounts of DISCOMs against their PPAs.
• Apart from this, the app will also help the users with information related to the payments made by the DISCOMs to the power generation company. It will also indicate the time of the payment.
• Moreover, the portal will allow consumers to assess the financial performance of their DISCOMs and note if the generation companies are not being paid properly.
• PRAAPTI will also help DISCOMs and generation companies in finding a solution for their outstanding payments. It will also allow relative assessment of the ease of making payments to various DISCOMs and generation companies.
• 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.

By: Vishal