State-run power companies not yet paid Rs 66,000 cr loan, says Bawankule

Nagpur: Even as the cash starved Maharashtra government is struggling to arrange finances for loan waiver scheme, the 3 power utilities in the state has further piled up the loan burden. Nearly Rs 66,000 crore loan is yet to be repaid by all the three state-run electricity companies. The information to this regard was given by Maharashtra Energy Minister Chandrashekhar Bawankule in Legislative Assembly on Wednesday.

The minister informed this in a written reply tabled in the House, in which he also dismissed the reports that these companies are not paying additional interest as the state refused to stand guarantee for such loans.

“The Maharashtra State Electricity Generation Company Ltd (Mahagenco) has an unpaid loan amount of Rs 35,310 crore with an average interest rate of Rs 10.16 per cent,” he stated.

“Similarly, the Maharashtra State Electricity Distribution Company Ltd (MSEDCL or Mahadiscom) has an unpaid loan of Rs 23,173 crore and the Maharashtra State Electricity Transmission Company Ltd (MSETCL or Mahatransco) is yet to repay Rs 6,733 crore loan,” the minister added.

Both these companies had borrowed the loan at an average interest rate of 10.54 per cent and 10.60 per cent respectively, Bawankule said.