Even as state government promises to provide round the clock power supply, the Lalitpur Power Generation Company Limited (LPGCL) has raised a concern over operation-ability of its 1980 MW power plant following non-payment of dues to the tune of over Rs 1600 crores by the UP Power Corporation Limited (UPPCL).
In a letter, dated October 15, sent to the UPPCL, the LPGCL has said that because of the massive outstanding it is not in a position to keep up with its coal stocks and meet the operational and maintenance (O&M) requirement.
“The non-timely and insufficient payment from UPPCL has already deteriorated the fund position to release payment to Coal India Limited subsidiaries now could be able to pay railway freight for the rakes whatever arrives and even leading to Non-performing assets (NPAs) position,” the company said in the letter sent to chief engineer (UPPCL). Read More
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