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Meghalaya seek AtmaNirbhar loan to clear MeECL dues

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Shillong, April 21: Meghalaya Chief Minister Conrad K. Sangma on Thursday said that the government has decided to approach centre for the release of second tranche of the AtmaNirbhar loan, amounting to the tune of Rs. 600 cr to clear the dues of the MeECL to the power generation companies.

“We discussed the long pending liabilities of MeECL to the power generation and transmission companies and have decided to clear the dues with the AtmaNirbhar loan from the central government. MeECL has liability of past 10-15 years to the power generation and transmission companies, and MeECL is under tremendous pressure,” the chief minister told the media, after the high level meeting this evening.

The MeECL has a liability amounting to over Rs. 1000 cr to the power generation and transmission companies.

“The MeECL has been clearing the dues of different generation companies on a regular basis, the liabilities of over 10-15 years. We have taken this matter up because of the pressure from the different generation companies and decided to move for the release of the loan,” he added.

CM said that about 50 per cent of pending dues to the power generation and transmission companies were cleared from the first instalment of the AtmaNirbhar loan

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