POWER

Centre urged to hold back funds to AP discoms until dues cleared

The Confederation of Indian Industry (CII) has urged the central government to not release more funds to Andhra Pradesh from the Rs 90,000 crore discom liquidity package until its existing dues are cleared.

“CII requests the ministry to hold back any further disbursement under the discoms liquidity package to the AP Discoms till the amount withheld by AP Discoms on account of above-mentioned reasons is paid in full to RE generators,” the industry body said in its letter to union power and renewable energy minister RK Singh.

In May, the government had announced a Rs 90,000-crore stimulus package to bail out distressed state power distribution companies to clear their outstanding dues.

Source
ET Energy World
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