BSES discoms owe Rs 993 crore to NTPC JV

Irked over non-payment of dues by Reliance Infra-backed discoms - BRPL and BYPL - in Delhi, state-run NTPC today said that two firms have not made payment of Rs 993 crore to its joint venture firm APCPL.
"... In spite of DERC directives, no payment has been released by these two discoms for APCPL (Aravali Power Company Pvt Ltd) amounting to Rs 993 crore as on June 14, 2016," NTPC Ltd said in a press statement.
APCPL is a joint venture company with 50 per cent share of NTPC Ltd, 25 per cent of Haryana Power Generation Company Ltd and 25 per cent of Indraprastha Power Generation Company.

The JV runs a 1,500 MW thermal power plant near Village Jharli in District Jhajjar (Haryana).
Earlier last month, NTPC had threatened to snap power supply to BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power (BYPL) -- if they fail to pay around Rs 1,300 crore dues by midnight on May 9.
The company said that subsequent to issue of regulation of power supply notice to BSES Delhi Discoms by NTPC & APCPL (Jhajjar), the BRPL and BYPL have agreed to pay NTPC dues as per the action plan given to it, Delhi Electricity Regulatory Commission, Delhi Government and Power Ministry.

It further said that the discoms have indicated to pay all NTPC dues by September 2016 and assured that from September/October 2016 onwards, they will maintain outstanding limited to 60 days.

NTPC proposes to substantially enhance power generation
capacity to 75,000 MW by 2025 and up to one lakh MW by 2032, added Kumar.
NTPC's eastern region II has an installed capacity of 3,720 MW, which includes Talcher Thermal Power Station (460 MW), Talcher Super Thermal Power Station, Kaniha (3,000 MW), and Kaniha 10 MW solar plant) in Odisha and one unit at Bongaigaon (250 MW) in Assam.
The Maharatna PSU has an investment portfolio of Rs 38,189 crore on different projects in Odisha. The power company also proposes to raise production from 120 Mw to 370 Mw at its joint venture captive power plant at Rourkela steel unit involving a fresh investment of Rs 1,885 crore, he said.

Regarding CSR activities, Kumar said construction work is in progress for a medical college and hospital in Sundargarh district at a cost of Rs 417 crore.
Similarly, construction work of an ITI in Ganjam district at a cost of Rs 7.72 crore is at an advanced stage and it would be handed over by March, 2017.
An MoU has been signed with Odisha government for setting up a polytechnic at Darlipali at a cost of Rs 25 crore, he said.
NTPC has also completed electrification of 301 out of 531 target un-electrified villages in Odisha as on date and the work for the rest is progressing well, he added.