Independent power producers (IPPs) have been asked by Tamil Nadu’s state electricity board Tangedco to offer tariff rebates for past supplies if they want their past dues to be settled under the Centre’s liquidity infusion scheme. Over-dues — dues pending for over 60 days — payable by Tangedco to power generators stood at Rs 20,268 crore on October end, and over 50% are owed to private power generating companies.
IL&FS Group’s ITPCL power plant has the highest due of Rs 2,498.3 crore from the state, followed by Jindal Steel and Power (Rs 1,481 crore), DB Power (Rs 1,105 crore), Vedanta’s Balco unit (Rs 724 crore) and GMR Energy (Rs 469 crore).
