Power cos owe Rs 6,204 cr to State

Published on: 

Even as the various power distribution companies (Discons) owe outstanding of over Rs 6,204 crore to the State Government for years yet they don’t show any interest to make payment.

This was revealed from the information submitted by Energy Minister Prafulla Mallick in the State Assembly in response to a question of BJP MlA Dilip Ray.

According to the data, the OPTCl had taken a loan of Rs 102 crore from the State Government in the year 1995-96 and has not repaid it. Now, the outstanding on the company, including loan amount and interest, has increased to Rs 363.18 crore. Besides, this company had also taken Rs 34.73 crore from the Gridco and has not returned the same. In total, the OPTCl owes Rs 397.91 crore to the Government. The Gridico now owes Rs 3007.33 crore to the Government. It has returned only Rs 284.6 crore from principal amount in four installments between 1999 and 2012.

The total dues on power distribution companies (discoms), Cesu, Nesco, Wesco and Southco, stand at Rs 2,799.20 crore now. These companies have not returned a single pie since they had taken loan from the Government way back in 1998.

While Cesu owes Rs 1723.34 crore, Nesco Rs 380.79 crore, Wesco Rs 378.89 lakh and Southco has to pay Rs 316.18 crore. The power companies together owe a total of Rs 6,204.44 crore.

Daily Pioneer
dailypioneer.com