Odisha Electricity Regulatory Commission directs Reliance Infrastructure Ltd to pay the outstanding dues amounting to Rs 4234-crore to Gridco

Bbhubaneswar: Odisha Electricity Regulatory Commission (OERC) directs Reliance Infrastructure to provide Rs 4235 crore compensation to GridCo for allegedly violating terms of agreement, informs GridCo counsel Pradipta Mohanty; Reliance was distributing power in NESCO, WESCO & SOUTHCO.

Gridco had prayed that an amount of Rs 42,34,08,91,661 stands recoverable from RIL and the RIL managed Discoms (NESCO, WESCO and SOUTHCO) out of which Rs 14,93,00,32,249 relate to arrear Billing and Settlement Plan (BSP) dues. Therefore these respondents may be directed to pay the above amount to the petitioner Gridco.