The Meghalaya government is optimistic about clearing the dues of NTPC Limited worth Rs 565 crore by 2026-27. Replying to a cut motion in the Assembly on Wednesday, Power Minister Abu Taher Mondal said the initial loan of Rs 488 crore was neutralised to some extent by a loan of Rs 244 crore in 2023. Still, due to interest and other charges, the loans accumulated to Rs 664 crore.
Following this, the state government met with NTPC officials, which gave a rebate of Rs 99 crore, thereby reducing the loan component to Rs 565 crore. The NTPC initially asked the government to clear the dues in 20 instalments but agreed to the state government’s request for payment in 36 instalments. As of now, the MeECL is paying Rs 15.7 crore to the NTPC every month and it is confident of clearing the dues by 2026-27. The MeECL has no current energy dues to NEEPCO, NTPC, and PowerGrid.
According to Mondal, the effective use of the Umiam Hydro project enabled the government to earn Rs 500 crore during the current fiscal. He said the government now generates power from Umiam only when the demand and rates for selling power are high and it is sold through the Indian Energy Exchange.
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