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 and its Provident Fund, Pensions, Gratuity Trust filed a petition before the High Court complaining that the APGenco and the its trust were not transferring the Employees Trust Funds, FRP bonds, excess loans discharged by TSGenco and investment in the equity of AP Power Development Corporation Limited, which was totalling Rs 4,774 crore. It also mentioned that it had paid excess liability of Rs 549 crore in the common loans category, which became Rs 972 crore now along with interest. Apart from that, it claimed Rs 882 crore from the APGenco for its share in the FRP bonds, which were now retained by the latter, and Rs 748 crore from Krishnapatnam thermal plant.

Trust Crore Tsgenco  trust  dues  ap  rs  gets  power  hc  tsgenco  crore  petition  mentioned  high  notices  court  apgenco  paying

History of this topic

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 …

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 …

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 …

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 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 …

Discover Related