MSEDCL’s arrears touch Rs73,897 crore in Maharashtra
The Maharashtra State Electricity Distribution Company Limited (MSEDCL) – India’s largest power supply utility – is in major financial trouble as its pending arrears for non-payment of bills have ballooned to a whopping ₹73,897 crore. Its liabilities till August, too, have increased to ₹45,440 crore.
To come out of the difficult situation, the state government has decided to appoint a consultancy firm, said Maharashtra energy minister Dr Nitin Raut. He also said that if the issue is not resolved, then the entire state may go into darkness.
The state energy department has sought a loan guarantee of ₹20,000 crore. It has also requested to provide another ₹12,000 crore against subsidy, schemes and dues pending for public water supply schemes, officials said.
