The Maharashtra State Electricity Distribution Company ( MSEDCL ) has been instructed by the Maharashtra Electricity Regulatory Commission ( MERC ) to pay Rs ( $ 560.8 m ) in dues to the state ’s wind power producers . The Windmill Owners Welfare Federation of India had submitted a petition to MERC concerning outstanding payments and interest owed under various wind energy lease agreements . MSEDCL has two weeks to fulfil reconciliation and must submit a report on outstanding dues to pay penal interest at 1.25 % per month on the principal amount . Settlements will continue into 2019 .
The Maharashtra State Electricity Distribution Company (MSEDCL) has been instructed by the Maharashtra Electricity Regulatory Commission (MERC) to pay INR41bn ($560.8m) in dues to the state’s wind power generators. The Windmill Owners Welfare Association of India had submitted a petition to MERC concerning outstanding payments and interest owed under various wind energy purchase agreements. MSEDCL has two weeks to fulfil reconciliation and must submit a report on outstanding dues to avoid penal interest at 1.25% per month on the principal amount. Settlements will continue into 2019.