The State Government incurred a total of loan of 1,350.48 crore and distributed it among the four power distribution companies (discoms), Nesco, Southco, Wesco and Cesu. While the total loan outstanding with interest on these companies is now Rs 2,908.55 crore, they have repaid Rs 78.77 crore only.
Energy Minister Sushant Singh informed this in the State Assembly in response to a question of MLA Dillip Ray on Wednesday.
According to information, the Nesco owed Rs 393.78 crore and Wesco Rs 407.93 crore to the State Government by March 31, 2018 while Cesu had to repay Rs 1797.29 crore and Southco Rs 309.55 crore by March 31, 2017.
In a related question of MLA Ranendra Pratap Swain, the Minister informed that the licences of Southco, Nesco and Wesco, which were run by the Reliance Infra, have been cancelled by the Odisha Electricity Regulatory Commission (OERC) and the Appellate Tribunal and Supreme Court have upheld the OERC decision.
While the Southco owes power dues of Rs 43.52 crore, Nesco Rs 18.70 crore and Wesco Rs 103.94 crore to Gridco, the Minister informed.
