UPPCL ready with yet another OTS to recover arrears

Lucknow: Grappling with an acute cash inflow crunch, the UP Power Corporation Ltd (UPPCL) is again gearing up to introducethe one-time settlement scheme (OTS) for domestic and agriculture consumers from next month to recover the mounting electricity arrears that are currently put at around ₹30,000 crore.

“A proposal for introduction of the OTS has already been moved to the chief minister’s office. The scheme that will allow consumers to pay their arrears in easy instalments without paying any interest on the principal amount is likely to come into effect from June 1,” a senior UPPCL official disclosed.

The UPPCL’s move comes after chief minister Yogi Adityanath recently directed the energy department to bring the OTS for consumers to clear their dues in easy instalments. The OTS may be accompanied by a state-wide power disconnection campaign as well to ensure the scheme yields better results.