Bengaluru: Karnataka may be heading towards the power crisis with the 1,000 MW deduction center of power over non-payment of contributions, reporting sandeep moudgal.
The central decision follows the cleansing aimed at making the state responsible for energy consumed.
The state now raises funds to pay the central producing station (CGS) from the National Thermal Power Corporation Limited (NTPC).
Karnataka, which has five electricity supply companies (ESCOM), owes CGS more than Rs 1,000 Crore.
According to senior government officials, non-payment of contributions means 1,000 MW will not be available before the post-monsoon season in early October.
The government will put equity to ESCOMS: AddL Chief Secywith coal capacity drops to no more than two or three days and a 1,000 MW deduction center, Karnataka can face a serious power crisis, “said a government official.
Minister of Energy V.
CM Bommai has spoken The Union Ministry of Withheld Strength.
We assured him about the need for a special package to pay the center and the Ministry of Finance allowed it, “he said.
Secretary of the Additional Chief (Energy) G Kumar rises said the government will now include ESCOM and they will approach financial institutions to close old loans and take new ones with a cheaper interest rate to pay the center.
“This is a win-win situation because Ecoms’s financial health will improve in the long term and the loan will be repaid.
However, this problem is with the Ministry of Finance; we have not received official communication,” he said.
Government officials suggest book management and seeking fresh bank loans can take time and need at least two months to revive the share of central power.
In the short term, because of excessive rainfall and lack of demand, the state can plug in the crisis thanks to 13 hydel stations and distribution of renewable energy.
The source shows a thermal power plant running at a naked minimum capacity to overcome coal shortages.
“With the hydel station we produce the maximum capacity and demand for power from the low agricultural sector, it will be a matter of months before we see a surge in requirements,” said an Energy Department official.
At present, the average demand for the country is pegged at 8,000-8,500mW per day and is expected to multiply in the next two months with the threat of Covid-19 subside and the rise of economic activity.
The government holds 1000mW to K’taka for payment of contributions
