₹16,000-crore aid for Tangedco hangs in balance
The Hindu
Centre reluctant to bend UDAY rules
The Centre is holding up the release of around ₹16,000 crore to the Tamil Nadu Generation and Distribution Corporation (Tangedco) under an assistance programme following its differences with the State government over the implementation of certain conditions. Sanctioned ₹30,230 crore in October last year under the Special Long Term Transition Loan to Discoms (Distribution Companies) as part of the Centre’s response to the COVID-19 pandemic, the Tangedco is to get the assistance through the Power Finance Corporation (PFC) and the REC, both coming under the control of Union Power Ministry, at concessional rates in two tranches. According to officials, the Tangedco has been given ₹14,000 crore in the first instalment.
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