After clearing outstanding dues of Tata Power, Rajasthan state power distribution companies have issued a letter of credit (LOC) of Rs 137 crore to state-owned power generator NTPC, a day after it threatened to snap supplies over unpaid dues.
This development comes right after the NTPC sent a regulation notice to the three discoms of the state-- Jaipur Vidyut Vitaran Nigam, Jodhpur Vidyut Vitaran Nigam and Ajmer Vidyut Vitaran Nigam, asking them to renew the line of credit to them of around Rs 188 crore, failing to which the company in the next three days, i.e., January 13, 2013, would cut power supply of as much as 1,258 megawatt to the three discoms. This move by NTPC came after the validity of a line of credit of Rs 121 crore expired on December 31, 2012. The three discoms owe Rs 95 crore to NTPC in dues. The company has raised bills for around Rs 272 crore.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
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