AGARTALA, Aug 17 (TIWN): Tripura Electricity Corporation Ltd (TSECL) which decided to take a loan of Rs. 250 crore after it faced severe financial crisis for a long time, is yet to clear the whole bill of the Power Plants.

Tripura’s unlighted power department is throwing stones in dark and taking high risks to clear the bills at any cost now, as the interest of the bill is increasing day by day.

Due to the severe financial crisis, TSECL has not been able to clear the dues of two electricity generation companies- OTPC and NEEPCO. The due payment of OTPC’s bill stands at Rs. 132 crore, and the region power generation company- NEEPCO is to receive Rs. 168 crore from TSECL.

While both companies are insisting for clearing the pending bills, TSECL is not in a position to make payment against consumed electricity.

After suffered by the severe financial crisis, the state government had approached the Centre to provide loan under ‘Uday’ but the state’s plea was rejected as TSECL has no debt or loan.

So, to avail the opportunity TSECL has decided to take a Rs 250 crore loan from the UBI.

 In the first two years, TSECL will receive Rs. 200 crore while remaining Rs. 50 crore will be released in the third year. TSECL is also going to promote its transmission line to reduce transmission loss of 30% which is a major concern for the corporation.