NTPC gives Discoms time till March 17 to clear overdues; will cut power thereafter

State-owned power giant NTPC has decided to extend the deadline for defaulting Discoms to pay outstanding dues till Tuesday next week, post which electricity supply will be snapped.

NTPC has given this breather in view of the Holi festival on Tuesday after some Discoms assured that they will clear the dues.

Late last month, the NTPC had served notices on these Discoms demanding the outstanding amounts, saying that power supply would be cut on from midnight tonight.

Overdue
An outstanding becomes overdue after 60 days of raising the bill against power supplied to a Discom or State. The Gencos generally charge penal interest on these overdue amounts.