Energy minister AK Sharma on Saturday announced launch of a one-time settlement scheme (OTS)—almost an annual feature, to enable power consumers in Uttar Pradesh to clear their arrears without having to pay the surcharge (interest) payable on the principal amount.
The UP Power Corporation Ltd (UPPCL), according to him, will implement the scheme in three phases for 54 days from November 8 to December 31. The first phase of the scheme will be from November 8 to December 1, second from December 1 to December15 and the thirds and final from December 16 to December 31.
“Under the scheme, surcharge up to 100% will be waived off on payment of power dues by domestic, agricultural, commercial, industrial and private institutions on paying the principal amount at one go or in installments,” the minister announced in a press conference here.
