Tuesday , April 23 2019

Telangana takes Rs 8,923 crore debt off its discoms.

Telangana join Centre’s Uday to put discoms back on Path.


Hyderabad: The TS government has taken over the Rs 8,923 crore debt burden of ailing discoms to Upgrade the power position in state.

Chief Minister K. Chandrasekhar Rao supposed that the Legislative Assembly on Wednesday that the Dual discoms (TSSPDCL and TSNPDCL) in the nation have a complete tally burden of Rs 11,897 crore. “To put the discoms back on track, the state government on Wednesday signed MoU in New Delhi to bond the Centre’s Uday plan and taken over 75 per cent of debt burden as fraction of this,” Mr Rao said.

He supposed that TS had 2,700 MW of shortage when the state was formed in the June 2014, but before two years it could add 5,039 MW, thus making our state as a ‘power cut free state’ within five months.
“TSSPDCL has tally burden of Rs 7,392 crore and TSNPDCL Rs 4,505 crore, thanks to the one sided power policies assumed by rulers in undivided AP,” Mr Rao wispered.
The CM told that by joining in Uday plan on Wednesday, 75 per cent of debt burden will be expended by state government.

The CM utter that as on date, TS has power generation capacity of 10,902 MW against 5,863 MW when the state was established in June 2014.

“The rest. Rs 2,974 crore will be given as bonds with government warranty by discoms. With this, the discoms will become debt-free. There will no require for them to pay Rs 890 crore interest on loans each year. They will get an chance to seek fresh loans. This year, the state government is offering Rs 4,584 crore subsidy to discoms. All these measures are taken in the large interest of consumers,” Mr Rao alleged.

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“In these 10,902 MW, the power from hydel, solar and wind sources comprise 3,531 MW. But these are not much dependable. That means, the reliable power availability is only 7,371 MW. This shows there is still a deficit of 1,000 MW.As on date, the power requirement is 8,282 MW. Despite this, we are able to supply standard power without any cuts across the state,” he said.

Mr. Rao said the government was going ahead with an objective of achieving power generation of 5,880 MW through a newly-planned Bhadradri, Yadadri, Kothagudem power plants.
He said that 4,000 MW NTPC plant in the Kothagudem will also come up in the state as promised in AP Reorganisation Act and the PM had laid a foundation for the first phase of this 1600 MW project in the month of August last year.

Interestingly, with the state joining Uday scheme, the state government needs to revise power charges once in three months as it is essential in the scheme.

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