Clear power charges of AP Genco: Centre to TS govt
Hyderabad/ vijayawada: The Union Ministry of Power has actually asked the Telangana government to pay pending power because of Andhra Pradesh within 30 days time. The TS government owed Rs 3,441 crore power because of AP State.
In an order, the Union Ministry notified the Telangana government that”there is no dispute regarding the amount to be paid for the power dues of Rs 3,441. 71 crore and late payment being Rs 3315.14 crore (up to July 31, 2022) to be paid in addition to the principal amount as per the applicable provisions”
“A total of Rs 6015 crore (including late payment) power purchase payments are receivable from Telangana DICSOMS to AP Genco as on February 28, 2021 for power supplied after State bifurcation.
Telangana DICSOMS agreed to pay the amount but are unable to pay. AP Genco is under great financial distress and is unable to pay for its debts servicing and coal suppliers and is at the verge of collapse”, the Union Ministry authorities stated that the Ap Genco has actually determined to take out the writ request from the High Court and also they have actually asked for the Centre to release instructions in the issue currently.
The AP Genco has actually provided power to Telangana DISCOMS post the bifurcation of Andhra Pradesh from July 2, 2014 to June 10, 2017 under AP reconstruction act. The concern was additionally reviewed in the Southern Council conferences kept in the previous years and also the AP Government had actually additionally lodged a problem with the Centre asking for to fix the repayment concern at the earliest