APP alleges TANGEDCO demanding heavy discounts from IPPs, seeks power minister’s intervention

New Delhi: The Association of Power Producers (APP) has written to Union Power Minister R K Singh, alleging that Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO) was demanding heavy discounts on pending dues from independent power producers (IPPs). The APP in its letter to the minister also said that the state-run non-banking firms PFC NSE 0.45 % and REC NSE -0.07 %, which are implementing the centre’s liquidity infusion scheme, should be directed to release funds for payment of bills of IPPs, central generating stations and renewable energy projects together.