State owned Gridco Ltd, the bulk power purchaser owes Rs 93.35 crore (as on September 30, 2012) to 27 captive power plants (CPP) by way of power procurement dues.
In a written reply to the state assembly, minister (energy) Arun Kumar Sahoo informed that Gridco owes Rs 61.52 crore to Jindal Stainless Ltd (JSL), the highest among all CPPs.
There are also outstanding dues payable to Jindal Steel & Power Ltd (Rs 12.91 crore), Tata Sponge (Rs 2.89 crore), Visa Steel (Rs 1.82 crore), Neelachal Ispat Nigam Ltd- NINL (Rs 1.71 crore), Aryan Ispat (Rs 1.50 crore), Nava Bharat Ventures Ltd (Rs 3.45 crore), Indian Metals & Ferro Alloys Ltd-IMFA (Rs 2.69 crore), Vedanta Aluminium Ltd- Jharsuguda (Rs 62.17 lakh) and Vedanta Aluminium Ltd-Lanjigarh (Rs 1.98 lakh).
The minister informed that currently there are no dues payable to independent power producer - Sterlite Energy Ltd towards power procurement.
In a separate reply, he said Gridco owes Rs 5.02 crore for power purchased from eight solar power producers with combined capacity of 8 MW.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
