Tangedco to pay Rs 1.68 billion as late pay surcharge

The Appellate Tribunal for Electricity (APTEL) has ordered the Tamil Nadu Generation and Distribution Corporation (Tangedco) to pay 50 per cent of Rs 1.68 billion as late payment surcharge to DB Power Limited in two equal parts — the first part to be paid within one week (order passed on June 8, 2020) and the second part to be paid within the week following that.

APTEL has also directed TANGEDCO to file a reply within two weeks outlining its roadmap to settle their liability in future, particularly the existing liability on account of late payment surcharge to the appellant (DB Power Limited).

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