NTPC to curtail power supply to J&K from Feb 18 for payment default

NTPC to curtail power supply to J&K from Feb 18 for payment default
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New Delhi: The National Thermal Power Corporation (NTPC) will curtail power supply to Jammu and Kashmir from February 18 midnight over outstanding dues of more than Rs 1,600 crore.
On February 5, the company had issued similar notices to discoms in Telangana, Karnataka and Andhra Pradesh as the states had as much as Rs 4,138.39 crore outstanding dues for over 60 days. But those notices were later put in abeyance after assurances to make payments.
In its notice issued to J&K, the company said that as much as Rs 1,626.01 crore was due for over 60 days and, according to the power regulator CERC’s guidelines, it can serve notice for regulation of power to defaulters.
J&K can lose supply of 939.03 megawatts from NTPC’s plants at Dadri, Koldam, Farakka, Auraiya, Rihand and Unchahar.
The NTPC notice said that power supply would be regulated from 00:00 hours of February 19.
It said: “In case of outstanding dues or in case the required letter of credit or any other agreed payment security mechanism is not maintained as per the agreement, the generating company may serve a notice for regulation of power supply on the defaulting entity, for reducing the drawn schedule.”
—PTI