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Govt Pays Off Rs. 142 Billion Pending Dues to IPPs propakistani.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propakistani.pk Daily Mail and Mail on Sunday newspapers.
Send The Tamil Nadu Electricity Regulatory Commission (TNERC) has directed Tangedco to pay Rs 16.49 crore in pending dues with interest at the rate of 12 per cent per annum to a wind power developer within 30 days from the date of the issuance of the order. Chennai: Ratedi Wind Power Pvt Ltd filed a petition with the Commission requesting to direct Tangedco to pay the outstanding principal amount along with the late payment interest amounting to Rs 19.06 crore as per the terms of the energy purchase agreement (EPA). The private firm was supplying 12 MW wind power from its 15 wind turbines in Tirunelveli since 2011-12. In the petition, the company alleged that it had not been paid for the energy supplied since October 2017 despite there being no dispute concerning any of the invoices. The dues remain unpaid even after the wind producer offered a one-time rebate of two per cent on the unpaid energy bills as of that date. ....