Association of Power Producers urges MPPMCL to release at least 70% of Rs 2,433-crore dues

NEW DELHI: 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.”