AP power dues to Telangana raised in Parliament
The Hindu
Telangana MP urges Centre to expedite ₹1,270 crore dues transfer from Andhra Pradesh for financial fairness and development.
Parliament member from Bhongir, Chamala Kiran Kumar Reddy urged the Centre to facilitate the immediate transfer of ₹1,270 crore dues from the Andhra Pradesh government to the Telangana government.
Bringing the matter to the attention of the Union Government in the Lok Sabha under Rule 377, the MP stated that during the bifurcation of the erstwhile united Andhra Pradesh in 2014, the total outstanding liabilities of the Andhra Pradesh Power Finance Corporation stood at ₹5,894.60 crore. As per the agreed ratio, 59.54% of the liabilities were to be borne by Andhra Pradesh and 40.46% by Telangana.
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However, he pointed out that in violation of the agreed terms, the Andhra Pradesh government imposed an additional burden of ₹1,052.70 crore on the Telangana Power Finance Corporation.
Despite lodging protests, the Telangana Power Finance Corporation paid a total of ₹1,270 crore up to August 2024. Of this amount, ₹481.82 crore constituted the principal, while ₹788.18 crore was paid as interest.
Subsequently, the Telangana government approached the Centre seeking reimbursement of the excess amount. Although proposals pertaining to the issue were forwarded to the Union Ministry concerned, they are still pending consideration.
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