AP tells TS to clear power dues of Rs 3,441.78 crore to avoid late payment charges
1 year, 10 months ago

AP tells TS to clear power dues of Rs 3,441.78 crore to avoid late payment charges

Deccan Chronicle  

VIJAYAWADA: Andhra Pradesh has petitioned the Telangana government to clear the latter's power dues to AP worth Rs 3,441.78 crore. The AP Genco authorities say there existed no dispute vis-à-vis the principal amount in the dues of Rs 3,441.78 crore the TS Discoms owed it. The AP Genco noted that, as a 15 per cent annual interest rate is being levied on the principal due amount of Rs 3,441.78 crore, the late payment charges have gone up to nearly Rs 4,000 crore by now. The more the delay in paying the principal amount, the more late payment charge and this would cause more of a financial burden on the TS government, AP Genco said. “If the TS government clears its power dues, at least the principal amount, this would be of immense help to us to clear our dues to the financiers,” AP Genco said.

Power Crore Dues Genco Power Dues Rs Ap Ts Discoms  clear  charges  payment  principal  genco  tells  rs  ap  dues  power  late  344178  ts  discoms  crore

History of this topic

TG Govt Faces Debt Crisis: Interest Payments Surpass Salary Bill
4 weeks, 1 day ago

TG Govt Faces Debt Crisis: Interest Payments Surpass Salary Bill

Deccan Chronicle  

Hyderabad: The state government is grappling with a severe financial crisis as the burden of repaying loans and the interest has surpassed its expenditure on salaries and pensions. The government now allocates over Rs.5,000 crore per month for debt servicing, compared to Rs.3,000 crore towards salaries to three lakh employees and 1.5 lakh pensioners. Data obtained from the finance department …

Telangana govt. faced with daunting task of payment of principal and interest on loans obtained by BRS govt.
3 months, 2 weeks ago

Telangana govt. faced with daunting task of payment of principal and interest on loans obtained by BRS govt.

The Hindu  

The State government is faced with a challenging task of raising financial resources for repayment of principal and interest on loans obtained from different financial institutions for the much-publicised Kaleshwaram lift irrigation project. The government obtained high interest loans of over 10% from the PFC and REC with repayment of majority of the loans ending by 2035, according to the …

Telangana urges centre to restructure high-interest loans
3 months, 4 weeks ago

Telangana urges centre to restructure high-interest loans

New Indian Express  

HYDERABAD: Deputy Chief Minister Mallu Bhatti Vikramarka on Saturday urged the Centre to restructure the loans raised by various corporations of the state and Special Purpose Vehicles through Off-Budget Borrowings. Vikramarka called on Union Finance Minister Nirmala Sitharaman in Delhi and broached the subject of the loans raised by the state government via SPVs through OBB to fund crucial irrigation …

AP Power Dues: TS HC Quashes Centre's Order
1 year, 2 months ago

AP Power Dues: TS HC Quashes Centre's Order

Deccan Chronicle  

Hyderabad: The Telangana High Court on Thursday quashed the Centre’s order directing the Telangana state government and power utilities in August 2022 to pay Rs 6,757 crore for electricity charges and other liabilities to the Andhra Pradesh government within 30 days. In an order dated August 29, 2022, the Centre, under Section 92 of the AP Reorganisation Act, directed the …

HC curbs Centre in power dues case
1 year, 4 months ago

HC curbs Centre in power dues case

Deccan Chronicle  

HYDERABAD: The Telangana High Court on Tuesday directed the Union government not to take any coercive steps against the state or its power utility companies over a due of ₹ 6,757 crore reportedly to be paid to Andhra Pradesh. Against the backdrop of statements made by the Union minister for energy and power in Parliament on August 1 — that …

AP finance special secretary debunks claim of ₹10L-cr debt
1 year, 7 months ago

AP finance special secretary debunks claim of ₹10L-cr debt

Deccan Chronicle  

VIJAYAWADA: Andhra Pradesh Chief Minister’s special secretary Duvvuri Krishna on Thursday, condemning false news making the rounds on the state’s finances, said the total debt of AP was Rs 6.51 lakh crore and not Rs 10 lakh crore, as was being claimed by the Opposition. Krishna said, “The outstanding liabilities of the undivided state of Andhra Pradesh on March 31, …

HC seeks Centre's file note on TS power payments to AP
1 year, 7 months ago

HC seeks Centre's file note on TS power payments to AP

Deccan Chronicle  

Hyderabad: The Telangana High Court on Saturday directed the Centre, by June 9, to furnish its file note directing the Telangana power department to pay Rs. The division bench of Chief Justice Ujjal Bhuyan and Justice N. Tukaramji issued the directions over petitions filed by the Telangana State Southern Power Distribution Company Limited and Telangana State Northern Power Distribution Company …

TS power dues to AP escalate to Rs 7,102 cr
1 year, 7 months ago

TS power dues to AP escalate to Rs 7,102 cr

Deccan Chronicle  

VIJAYAWADA: The Telangana government’s power dues to Andhra Pradesh have gone up to Rs 7,102 crore on March 31. The total amount due from Telangana discoms, includes principal amount of Rs 3,441 crore and interest from June 2, 2014 to June 10, 2017. The Telangana High Court has scheduled April 27 for the final hearing on the petition filed by …

Telangana thriving despite Centre creating hurdles: Finance Minister T Harish Rao
1 year, 10 months ago

Telangana thriving despite Centre creating hurdles: Finance Minister T Harish Rao

New Indian Express  

Harish Rao said that another glaring instance of discrimination to Telangana is the order issued by the Ministry of Power in August, 2022 which directed the Telangana government to pay pending dues of TS DISCOMs amounting to Rs 3,441.78 crore as principal and Rs 3,315.14 crore as late payment surcharge, totalling Rs 6,756.92 crore to AP Genco within 30 days. …

Centre approves Rs 6,500 cr loans for TS, Rs 12,000 cr for AP
1 year, 11 months ago

Centre approves Rs 6,500 cr loans for TS, Rs 12,000 cr for AP

Deccan Chronicle  

Hyderabad: In further relief to the Telangana state government, the Centre on Monday allowed it to raise Rs 6,572 crore loans through auction of bonds for the last quarter of the financial year, January-March 2022-23. The TS government has already garnered Rs 29,500 crore through the auction of bonds by the Reserve Bank of India in the first nine months …

Energy minister suspects a bigger conspiracy to malign TS
2 years, 3 months ago

Energy minister suspects a bigger conspiracy to malign TS

Deccan Chronicle  

Hyderabad: Energy minister G. Jagadish Reddy suspects a 'larger conspiracy' behind the Union power ministry directing Telangana discoms to pay dues of Rs.6,756 crore to AP Genco within a month. The BJP-led NDA government at the Centre was “deliberately creating troubles for Telangana government and TS discoms with the malafide intention of weakening both financially and causing hindrance to uninterrupted …

Andhra Pradesh ridicules Telangana claims on power dues
2 years, 3 months ago

Andhra Pradesh ridicules Telangana claims on power dues

Deccan Chronicle  

Vijayawada: Andhra Pradesh has called Telangana government’s claim of Rs 12,940 crore power and other dues as hearsay except for around Rs 3,000 crore pertaining to APSPDCL and employee trusts. APGenco officials said that the Centre had set up a sub-committee to fix the power dues of TS to AP before arriving at the figure of Rs 6,756.92 crore. With …

TS to challenge Centre’s order to clear power dues to AP
2 years, 3 months ago

TS to challenge Centre’s order to clear power dues to AP

Deccan Chronicle  

Hyderabad: The booster dose of sorts that Telangana believes it received from the Union ministry of power in the form of the August 29 order to pay Rs 6,756.92 crore as electricity supply dues to Andhra Pradesh, an inter-state matter into which Telangana says the ministry had no business to wade into, might not fully go Telangana’s way, if Andhra …

TS decided to fight legally to get power dues from AP
2 years, 3 months ago

TS decided to fight legally to get power dues from AP

Deccan Chronicle  

HYDERABAD: State power distribution companies have decided to file a writ petition against the order of the Union ministry of power to pay Rs 6,757 crore power dues to Andhra Pradesh within a month. Chief Minister K. Chandrasekhar Rao conducted a high level meeting with energy minister G. Jagadish Reddy and D. Prabhakar Rao, TS Transco and Genco chairman and …

Centre orders Telangana to pay Rs 6,756 cr in power dues to AP
2 years, 3 months ago

Centre orders Telangana to pay Rs 6,756 cr in power dues to AP

Deccan Chronicle  

Hyderabad: A fresh row has erupted between Telangana and Andhra Pradesh on the issue of power supply bills, following an order to Telangana from the Union Ministry of Power on Monday. The ministry said the orders followed representations from Andhra Pradesh over the dues owed by Telangana for power purchases made between June 2, 2014, and June 10, 2017. This …

Centre directs Telangana to pay power dues to A.P.
2 years, 3 months ago

Centre directs Telangana to pay power dues to A.P.

The Hindu  

In a major relief to Andhra Pradesh, the Government of India has ordered Telangana to pay the power dues to A.P. The Government of India in exercise of powers under section 92 of the AP Reorganisation Act, 2014, ordered that Telangana State should pay Rs.3,441.78 crore, and late payment surcharge of Rs. The government also ordered that the existing Power …

Govt. departments not paying power dues of Rs 5,146 crore to APSPDCL
2 years, 4 months ago

Govt. departments not paying power dues of Rs 5,146 crore to APSPDCL

Deccan Chronicle  

TIRUPATI: While consumers are burdened with power bills and penalties on delayed payments, the bills of various government departments and related entities in the erstwhile Chittoor, Kadapa, Kurnool, Anantapur and Nellore districts are pending for long. Their payment dues to the Southern Power Distribution Company have risen to a whopping Rs 5,146 crore as on June 30, 2022. Altogether, they …

AP gets HC notices for not paying TSGenco dues
2 years, 6 months ago

AP gets HC notices for not paying TSGenco dues

Deccan Chronicle  

Hyderabad: The Telangana High Court on Monday issued notices to the Andhra Pradesh government, Power Generation Corporation and its Pension, Gratuity Trust and Provident Fund Trust to respond on a petition filed by TS Power Generation Corporation and others, claiming a due amount of Rs 4,774 crore from the former companies, in respect of pensions, bonds and others. The TSGenco …

TS, AP overstate aid to be given by Centre
2 years, 6 months ago

TS, AP overstate aid to be given by Centre

Deccan Chronicle  

Hyderabad: The governments of the two Telugu states, in particular Telangana, have to blame none except themselves for the so-called meagre release of financial assistance from the Centre in the form of grants-in-aid. The Telangana government made a budgetary provision of Rs 8,177 crore in 2019-20 and got Rs 11,598 crore and Rs 15,471 crore against Rs 10,525 crore in …

TS rejects Andhra Pradesh’s demand for Singareni Collieries share
2 years, 11 months ago

TS rejects Andhra Pradesh’s demand for Singareni Collieries share

Deccan Chronicle  

HYDERABAD: The Telangana government on Wednesday strongly rejected the Andhra Pradesh government's demand seeking share in Singareni Collieries Company Ltd. In the meeting held by the union home ministry with the governments of Telangana and Andhra Pradesh on Wednesday through video conferencing to resolve pending state bifurcation-related issues between both the states, Telangana Chief Secretary Somesh Kumar, made it clear …

AP Govt's Borrowings for First Half of 2020-21 Fiscal Far Exceeded Revenues, Says CAG Report
4 years, 1 month ago

AP Govt's Borrowings for First Half of 2020-21 Fiscal Far Exceeded Revenues, Says CAG Report

News 18  

The Andhra Pradesh government’s borrowings for the first half of the 2020-21 fiscal far exceeded revenues and the revenue deficit touched a staggering Rs 45,472.77 crore, according to the state finance accounts released by the Comptroller and Auditor General. AP’s tax revenue during the April-September period was just Rs 29,936.39 crore, compared to Rs 41,904.25 crore during the corresponding period …

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