TS power authorities advise PFC to reduce rate of interest on power lendings
Hyderabad: The Transmission Corporation of Telangana Limited and also Generation Company (TS-TRANSCO and also GENCO) authorities have actually asked for the Power Finance Corporation (PFC) to lower the rate of interest on the lendings taken by the power energies. The Telangana power energies authorities educated PFC that power business such as Transco and also Genco have actually been requested for the government’s assurance in a number of situations of power acquisition and also supply. As per Reserve Bank of India’s (RBI) guidelines, the assurance provided by the government is additionally received the Fiscal Responsibility and also Budget Management (FRBM) limitation. The authorities prompted the PFC authorities to take out the government assurance.
PFC chairman and also taking care of supervisor Ravinder Singh Dhillan organized a conference with Southern Region power Utilities inBhopal Southern Regional Power Committee chairman and also TS-TRANSCO and also GENCO principal taking care of supervisor D Prabhakar Rao and also junior handling supervisor C Srinivas Rao, to name a few went to the conference.
The Telangana authorities stated that 95 percent of the Discoms in the country remained in losses and also in some states, the Genco and also Transco business remain in revenues. The authorities educated PFC that the most up to date choice to take into consideration the monetary problem of the Discoms in the issue of lendings to Transco and also Genco will certainly have an effect on the stated business. Telangana CMD stated that Transco and also Genco need to not be related to the Discoms and also for this reason the monetary condition of the worried business need to just be thought about. The PFC authorities, after listening to all the problems extensively, stated that they would certainly bring these problems to the notification of the Central Government and also take a choice quickly.