Friday, May 31, 2024

Power dues touch Rs 450 cr


Share post:


SHILLONG: The State Government has failed to pay outstanding dues of nearly Rs 450 crore  to as many as 10 power companies, both in private and public sector.
While the dues of North Eastern Electric Power Corporation (NEEPCO) is Rs 358.89 crore, the State has to pay Rs 29. 55 crore to Powergrid.
Besides the public sector units, the State Government also engaged in power trading with private companies and the dues have been pending for too long despite the Government’s assertions that the fiscal health of the State is satisfactory.
“We have to clear the dues of NEEPCO which come to Rs  385.89 crore and the total outstanding amount for the state to pay to the power  companies is Rs 449.93 crore”, Power Minister Clement  Marak said.
During the load shedding last year, the State Government had paid some of the pending dues to NEEPCO and was hoping to clear more but the outstanding amount has only increased since then and stand at Rs 358 crore from Rs 244 crore in 2013.
The State was availing 33 MW of power from NEEPCO and as per the agreement the dues were to be paid in monthly installments of Rs 11 crore.
The current load shedding was inevitable since NEEPCO had stopped supplying power to Meghalaya due to its inability to clear the dues.
Marak informed that the State Government has written to the Union Government to assist the state in clearing the dues. Another option for the State is to get a loan from the State Bank of India (SBI) and clear the outstanding amount.
“We are working on it,” he said.
North Eastern Electric Power Corporation (NEEPCO): Rs 358
National Hydro electric Power Corporation (NHPC): 19.67 crore
National Thermal Power Corporation (NTPC):  Rs 15.49 crore
Powergrid: Rs  29.55 crore
United Illuminating Company (UI): Rs 0.83 crore
Malavalli Power Plant Private Limited (MPPPL): Rs 1.32 crore
NTPC Vidyut Vyapar Nigam (NVVN): Rs 1.97 crore
Global Energy Private Limited:  Rs 7.5 crore
Power System Operation Corporation (POSOCO): Rs 0.11 crore
Assam State Electricity Electricity (transportation charge): Rs 14.6 crore
Total pending  due to be cleared : Rs  449. 93 crore


Related articles

Stolen freedom of June 4, 2024

Editor, It was on March 2, 2023 that celebratory rejoicing filled the streets of Shillong. With all educational institutions...

Pakistan as villain

It’s often difficult to decipher the positions taken by Pakistani politicians vis-a-vis bilateral relations. They speak in one...

When Will the Matriarchs Crow?

By Patricia Mukhim Khasi women have grown up being told that they should not speak over men in any...

World No Tobacco Day 2024

By Dr. Caleb Harris We have witnessed a lot of action in the past few days, purportedly as...