JBVNL initiates steps for early release of DVC dues

Amid reports of reduction of power supply to seven districts in the State by Damodar Valley Corporation (DVC) with effect from January 4 over non-payment of power dues, the Jharkhand Bijli Vitaran Nigam Ltd (JBVNL) said that steps have been initiated for early release of funds to the power major.

The DVC from last month (December) had already made power cuts in the seven districts — Dhanbad, Ramgarh, Hazaribagh, Koderma, Bokaro, Giridih and Chatra — by as much as 30 per cent after JBVNL faulted on payment of monthly power bills. The DVC with non-payment of power dues had already written a letter to JBVNL to make 50 per cent power cuts if the dues are not cleared.