Meghalaya Cabinet approves proposal to pay Rs 565 cr power dues of NTPC

The Meghalaya Cabinet on Wednesday approved a proposal to clear Rs 565 crore pending power dues of National Thermal Power Corporation (NTPC) in 20 instalments, state Power Minister AT Mondal said.

The proposal of the Meghalaya Power department was approved by the state cabinet chaired by Chief Minister Conrad K Sangma.

Talking to reporters, Mondal said the department has moved the NTPC for negotiation after the power dues rose to Rs 665 crore. If allowed to continue the dues would soon cross Rs 1,000 crore and create a burden for the Meghalaya Power Distribution Corporation Limited (MePDCL), Meghalaya Energy Corporation Limited (MeECL) and also for the state government.