Hyderabad: Telangana state Transco and Genco chairman and managing director D. Prabhakar Rao on Friday condemned the statements of Andhra Pradesh Chief Minister N. Chandrababu Naidu that the TS power department owes Rs 5,000 cr to his state.
He said that for settlement, AP needed to pay TS Rs 2,406 cr Mr Rao described AP’s decision to move the National Company Law Tribunal over the matter as a plan to take over TS power companies. He said that the TS power department had written eight times to AP, seeking a settlement. “We did not get any response. Now AP Genco has approached the NCLT. We are prepared for any step,” he said.
“There is a possibility that there was no proper communication between the AP authorities. I believe that they would not have commented on this if they were aware of the payment situation,” Mr Rao said.
Mr Rao asked AP officials to settle the payment within 24 hours. “AP has to pay Rs 2,406 cr. As they claim that TS has to pay Rs 5,000 cr, we are ready to settle and pay the dues. Apart from the Rs 2,406 cr, AP should also pay another Rs 1,100 cr to TS,” he said, adding that AP has to pay TS Rs 5,785 cr and TS Genco has to pay AP Genco Rs 3,379 cr towards power purchase.
Adjusting the sum, AP has to pay TS Rs 2,406 cr. “Even the rightful share of power from the interstate generators at Machkund and Tungabhadra are not being supplied by AP, though TS discoms have rights under the AP Reorgan-isation Act,” Mr Prabha-kar Rao said.
Rebutting Mr Rao, AP Genco released an official note saying that his statements were “totally false and baseless.” AP Genco stated that as per the TS power utilities books of account, they were liable to pay Rs 11,728 cr. The books showed TS Southern Discom dues to AP Genco at Rs 8,274.23 cr. The balance is due from the TS Northern Discom.
AP Genco said it had supplied power to the discoms after bifurcation for which they owe Rs 5,732.40 cr towards the sale of power after adjustments....