The Damodar Valley Corporation (DVC) has agreed to defer its power regulation to seven districts of Jharkhand after fruitful discussions with the state-owned power distribution company Jharkhand Bijli Vitaran Nigam Ltd (JBVNL).
Earlier, DVC threatened to reduce power to Bokaro, Dhanbad, Bokaro, Dhanbad, Giridih, Koderma, Ramgarh, Chatra and Hazaribag districts by as much as four hours every day beginning December 13 unless its power bills averaging Rs 150 crore per month are paid in full. JBVNL has been defaulting payment to the power major, which supplies around 650 MW to the seven districts, since September.
Talking to TOI, JBVNL executive director K K Verma said, “Both JBVNL and DVC are in constant touch. We have given all related information, including the financial constraints we faced, to the power major after which it has agreed to consider our request and not to impose any penal action.”