The government of Madhya Pradesh, alleged to be delaying payments to wind power producers for more than a year, is offering to get all these dues cleared, on a condition.
MP Power Management Company (MPPMCL) has asked the producers to “offer rebate of one per cent on outstanding dues to expedite the payment of dues”.
As many as 266 power purchase agreements (PPAs), signed by around 50 companies operating in the state, are impacted by the delay in payment. The cumulative capacity of wind power in the state is 2,400 Mw.
State government officials claim they have an agreement on around 150 PPAs