STEPS TAKEN TO RECOVER OUTSTANDING DUES OF
COAL SUPPLIES
As per existing guidelines, the Thermal
Power Plants are required to deposit advance money or to open
irrevocable revolving letter of credit for the purpose of ensuring
payments for coal supplies. In some cases the power stations are
not ensuring timely and adequate payments and as a consequence
coal supplies are sometimes regulated in line with the payments
being received.
Coal
India Limited and its subsidiary coal companies maintain account
of outstanding dues against each State Electricity Board. The
total outstanding dues payable to CIL and its subsidiary coal
companies as on June 30, 2002 are 6117.85 crores. The major amount
outstanding is Rs. 1146.55 crore from Madhya Pradesh Electricity
Board, Rs. 981.89 crore from West Bengal Power Development Corporation
Limited, Rs. 588.10 crore from Badarpur Thermal Power Station,
Rs. 576.10 crore from Maharashtra State Electricity Board, Rs.
430.40 crore from Tamil Nadu Electricity Board, Rs. 410.07 crore
from NTPS and Rs. 380 crore from UPEB.
The steps
taken for recovery of outstanding dues are "Cash and Carry" method;
recovery from central plant assistance of the concerned States;
adjustment of coal sale dues of SEBs towards power bills, royality,
cess; through a scheme of securitisation of dues and through settlement
of disputed outstanding dues through umpires appointed by Government.
This was
stated by Minister of State for Coal, Mines, Law & Justice
Shri Ravi Shankar Prasad in a written reply today in Lok Sabha.
