AP-Genco to push for recoveryof dues from Telangana discoms


AP-Genco to push for recoveryof dues from Telangana discoms

The AP-Genco is preparing to make a fresh bid to recover its dues amounting to nearly ₹5,750 crore from the northern and southern discosm of Telangana when the case pertaining to it comes up for hearing at the Hyderabad bench of the National Company Law Tribunal (NCLT) on May 10.

The Advocate-General of Andhra Pradesh has completed all submissions on behalf of the AP-Genco, to which the Telangana utilities have to pay the above sum for the power supplied by the generating stations in A.P. before bifurcation.

The AP-Genco approached the NCLT, demanding that the Telangana Discoms settle its dues without linking it up with the distribution of the power sector Assets & Liabilities (A&L) between A.P. and Telangana as it would take a long time. AP-Genco Director (Finance) G. Adinarayana Read More

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