by NEWSNER , 2021-03-22 11:03:44
Load-shedding is probably going to be withdrawn by Monday because the Meghalaya Energy Corporation Limited (MeECL) is hopeful of a positive breakthrough within the ongoing talks with the North Eastern electrical power Corporation (NEEPCO).
“MeECL is trying its best to urge the regulation imposed by NEEPCO withdrawn. We are confident of a positive outcome by Monday,” a senior official at the facility department said on Sunday.
Earlier on Friday, state Power Minister James Sangma had said load-shedding would be discontinued in 48 hours because the state had cleared the pending dues.
NEEPCO, on March 16, had sent a notice to the government stating that it'll regulate power supply from March 20 if Rs 504.41 crore dues weren't cleared.
In a letter to the Chief Director of North Eastern Regional Load Dispatch Centre, NEEPCO’s executive (commercial) NK Mao said the Meghalaya Power Distribution Corporation Limited (MePDCL) had did not clear the outstanding dues to NEEPCO even after the latter pursued the matter at various levels.
The letter stated that MePDCL dues continued to escalate and therefore the outstanding for quite 45 days accumulated to Rs 156.70 crore as of March 15 alongside a late payment surcharge of Rs 347.71 crore. the entire dues as of March 15 stood at 504.41 crores, the letter stated.
“The notice is served for round-the-clock regulation of power supply to the MePDCL from all power stations of NEEPCO for 6 months from March 20 or till such time the MePDCL liquidates its outstanding dues of quite 45 days, whichever is earlier,” the letter read.
With this move, NEEPCO will regulate 147.53 MW power for Meghalaya.
MeECLasked to clear dues by April 30. However, the govt public sector undertaking NEEPCO has made it clear that the outstanding dues must be paid during a single instalment before April 30.
In a letter written by NEEPCO to MeECL on Friday, it had been revealed that the NEEPCO had withdrawn regulation of power for Meghalaya with a condition that the outstanding dues must be paid.
The letter also revealed that the government had recently paid Rs 127.54 crore through state-owned entities REC Limited and Power Finance Corporation (PFC)to NEEPCO.
Other NEEPCO Conditions:
According to the letter per the letter, another condition was that the quantity of Rs 125 crore out of Rs 198.44 crore paid because the first instalment in January this year was agreed to be adjusted against late payment surcharge.
The PSU, however, said it had been agreeable to mutually acceptable terms in line with instructions issued by the Union ministry of power on March 18.