The Association of Power Producers (APP) has urged MP Power Management Company Ltd (MPPMCL) to immediate release at least 70 per cent of long outstanding dues of Rs 2,433 crore to power producers. In a letter shot off on August 31 to Akash Tripathi, managing director of MP Power Management Company Ltd, APP has said: “In the absence of receiving regular payments against invoices raised for supply of electricity, the IPPs (independent power producers) are finding it very difficult to sustain operation of their plants without timely inflow of revenues.”
The body stated that the total cumulative amount to be paid to the generators, which was around Rs 1,791 crore as on May 16, has now touched Rs 2,433 crore.
