Shillong: Due to extreme financial condition of the Meghalaya Energy Corporation Limited (MeECL) and dues of Rs 74.65 crore to Power Grid Corporation of India Limited (PGCIL), the MeECL has now resorted to load-shedding.
According to MeECL Chairman-cum-Managing Director AK Kembhavi, the corporation owes Rs 74.65 crore to PGCIL for transmission charges. They are not in a position to pay the same due to the extreme financial condition of the corporation.
“We can barely afford the salaries of our employees. Recently we had requested the State Government to extend Rs 113.47 crore financial assistance to make payment for outstanding bills of PGCIL and also to reinstate the letters of credit with the central generating stations. Deliberations are going on at the highest levels of the Government,” informed Kembhavi.
Due to failure to make payments, PGCIL had issued a regulation notice. The extent of regulation is about 70MW. Till late midnight, discussions were being held to keep the notice in abeyance or defer for a week. However, PGCIL wanted a firm commitment on payment of 50% of the dues in one week and a definite timeline for the remaining 50%.
Due to the situation, the MeECL is compelled to resort to load-shedding with effect from 00.00 hours on February 14, 2021, across Meghalaya on a rotational basis as per the schedule.