In big relief for Meghalaya NTPC allocates 70pc of states share of power to Tamil Nadu CM
Shillong Mar 31 PTI Meghalaya Chief Minister Conrad K Sangma on Thursday said that in a big relief for the state NTPC has agreed to allocate 70 per cent of its share of power to Tamil NaduThe Congress government had in 2007 signed an agreement with NTPC entailing a fixed annual payment of around Rs 130 crore to the central PSU The pact was for 25 years and the state would have to pay a total of Rs 3300 crore approximatelyThe current National Peoples Party-led Meghalaya Democratic Alliance MDA government has been trying to get out of that agreementWe are very fortunate that after a lot of hard work and even some court cases now NTPC has agreed to a proposal and it is working towards reallocating the power to different states Sangma told reportersOf the states share of 86 MW NTPC has allotted 56 MW to Tamil Nadu which means that Meghalaya does not have to pay for almost 70 per cent of unused power he saidThe chief minister said the state government is hopeful that the rest of the 25-30 MW will also be given to other states very soonWith that we will be completely free from this agreement he saidOn April 16 last year the MDA government had decided to terminate the Power Purchase Agreement PPA signed by the then Congress-led state government with NTPC in 2007It was of the opinion that the continuation of the PPA has become a burden on the state exchequer as the state was not drawing on its allocation of power from the company as the cost was higher than the prevailing market price PTI JOP NN NN
Shillong Mar 31 PTI Meghalaya Chief Minister Conrad K Sangma on Thursday said that in a big relief for the state NTPC has agreed to allocate 70 per cent of its share of power to Tamil NaduThe Congress government had in 2007 signed an agreement with NTPC entailing a fixed annual payment of around Rs 130 crore to the central PSU The pact was for 25 years and the state would have to pay a total of Rs 3300 crore approximatelyThe current National Peoples Party-led Meghalaya Democratic Alliance MDA government has been trying to get out of that agreementWe are very fortunate that after a lot of hard work and even some court cases now NTPC has agreed to a proposal and it is working towards reallocating the power to different states Sangma told reportersOf the states share of 86 MW NTPC has allotted 56 MW to Tamil Nadu which means that Meghalaya does not have to pay for almost 70 per cent of unused power he saidThe chief minister said the state government is hopeful that the rest of the 25-30 MW will also be given to other states very soonWith that we will be completely free from this agreement he saidOn April 16 last year the MDA government had decided to terminate the Power Purchase Agreement PPA signed by the then Congress-led state government with NTPC in 2007It was of the opinion that the continuation of the PPA has become a burden on the state exchequer as the state was not drawing on its allocation of power from the company as the cost was higher than the prevailing market price PTI JOP NN NN
