- States owe the payment of power companies
- PM urges state governments to pay
- 2.5 lakh crore dues of companies with the states
PM Modi: Prime Minister Narendra Modi on Saturday urged the state governments to clear the dues of power companies, saying that even the subsidy commitment has not been fulfilled yet. In a program, the Prime Minister said that about 2.5 lakh crore rupees are outstanding with the states for companies related to power generation and distribution. Prime Minister Narendra Modi said that the country would be surprised to know that different states have outstanding dues of more than Rs 1 lakh crore. They have to give this money to power generation companies.
Two and a half lakh crore rupees of power companies trapped
The Prime Minister said that the power distribution companies owe more than 60 thousand crore rupees to many government departments and also to local bodies. The PM said that the commitments made on electricity subsidy in different states, even these companies are not able to get the money on time and in full. This arrear is also more than Rs 75,000 crore. That is, about 2.5 lakh crore rupees are stuck for those who are responsible for making electricity from door to door.
Customers are paying bills, so why the dues of the states?
Prime Minister Narendra Modi said that the states whose dues are pending, I urge them to clear them as soon as possible. Also, consider the reasons honestly that even when the countrymen pay their electricity bills honestly, why do some states have arrears again and again? PM Narendra Modi further said, “The deficit of our distribution sector is in double digits. Whereas in the developed countries of the world it is in single digits. This means that we have a lot of wastage of electricity and hence there is a need to meet the demand of electricity. For this we have to generate more electricity than we need.”
PM said – power shortage is a thing of the past
The Prime Minister said that the country would be surprised to know that different states have outstanding dues of more than Rs 1 lakh crore. Addressing the concluding function of ‘Ujwal Bharat Bright Future’ function, he said that the era of power shortage has become a thing of the past and in the last eight years, an additional capacity of about 1.70 lakh MW has been created.
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