POWER

Jharkhand gets power bill jolt: Rs 5,600 crore due today

The Union Power Ministry has told Jharkhand to pay up more than Rs 5,600 crore in power supply dues to Damodar Valley Corporation by Saturday, failing which the Reserve Bank of India would deduct the sum from the state government’s account in quarterly instalments.

In a letter dated September 11, Ministry Under-Secretary P K Sinha said the state power utility, Jharkhand Bijli Vitran Nigam Ltd (JBVNL), had been irregular in paying power bills over the last few years, resulting in the accumulation of “huge dues to the tune of Rs 5,608.32 crore as on 13.8.2020”.

But the Centre has also dangled a solution before Jharkhand—the power utility can “avail loan under Atmanirbhar Bharat” package wherein the government has announced an infusion of Rs 90,000 crore for the power sector.

Source
Indian Express
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