UPPCL awaiting loan to clear NTPC’s dues

The Uttar Pradesh Power Corporation Ltd (UPPCL) may partially clear the NTPC’s dues before the Friday deadline set by the latter to avoid it stopping electricity supply to the state for non-payment of arrears.

“We expect to get more than ₹4,000 crore as loan from the Centre on Wednesday or Thursday. We will clear the NTPC’s dues using the same amount,” a senior UPPCL official said, requesting anonymity. He admitted to the NTPC having served a notice threatening stopping power supply if the UPPCL did not clear dues by Friday but said that it was a routine affair.