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 …
HYDERABAD: The Telangana government will bear the fuel surcharge adjustment for electricity consumed for agricultural purposes by farmers. Sources said Chief Minister K.Chandrashekar Rao reportedly instructed the finance department to release funds to the discoms towards FSA charges for farmers to avoid financial troubles to Discoms. The TS Electricity Regulatory Commission has set a cap on the highest FSA charge …
State-run Power Finance Corp. Ltd. and its subsidiary REC Ltd. are expected to lend around ₹1.2 trillion to state-run electricity distribution companies under the Union government’s ambitious one-time settlement scheme that will kick in from 5 August, said two government officials. Discoms have been perennially plagued by low collections, rise in power purchase cost, inadequate tariff hikes and subsidy disbursement, …
The Union Cabinet on Wednesday approved a proposal to relax working capital limit norm for discoms under the Ujwal DISCOM Assurance Yojana to get loans as part of Rs 90,000 crore liquidity infusion scheme. PFC and REC have been allowed to give loans above the limit more the 25 per cent working capital limit. However, some of the discoms were …
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