November 21, 2008

JSEB owes TVNL INR 950 crore

Ranchi Express reported that Jharkhand State Electricity Board owes INR 950 crore to the Tenughat Vidyut Nigam Limited. While hit by fund church Tenughat Vidyut Nigam Limited is holding up payment to Central Coalfields Limited in turn. The consequence may be worse if Central Coalfields Limited stops supply to TNNL demanding its dues that has spiraled up to INR 157 crore.

Mr DK Singh coal advisor of Tenughat Vidyut Nigam Limited said that "We are holding payment to CCL for coal purchase because we lack funds." He added that it is not in position to pay CCL bills till the Jharkhand State Electricity Board made regular payments on TVNL.

The coal consumption of Tenughat Vidyut Nigam Limited is likely to double once the unit starts generation. The unit is expected to start generation from June 12th 2008 after a gap of one year.

Meanwhile, the CCL Board has referred the matters of coal ministry after repeated reminders.