Power producer NTPC has agreed not to regulate electricity supply to Telangana, Andhra Pradesh and Karnataka over pending dues after assurance by distribution companies to clear the arrears soon, sources said. Notices were issued that power supply would be regulated from February 6 until the dues for over 60 days are cleared. The dues from the three parties were Rs 5,838.04 crore and the amount overdue by 60 days was Rs 4,228.39 crore. 92 crore of which Rs 1,356.06 crore was overdue by 60 days. In the event of default, the NTPC has the right to discontinue or regulate the power from its station.

Source: dna February 05, 2019 17:15 UTC