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. Saumy is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. 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. Wind farms are located across Maharashtra, including Mumbai, Pune, Nashik, Aurangabad, Kolhapur, Amravati, Nagpur, Jalna, Nasik and Pune.
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. Wind farms are located across Maharashtra, including Mumbai, Pune, Nashik, Aurangabad, Kolhapur, Amravati, Nagpur, Jalna, Nasik and Pune.