Ranchi: With the failure of Jharkhand State Electricity Board (JSEB) to clear swelling due, the Tenughat Vidyut Nigam Limited (TVNL) has cut power supply to the board, which was hitherto a sole purchaser of its electricity, and decided to sell 50 MW of its power to other consumers and licensees.

The JSEB, which has owed Rs 2,259 crore to TVNL, is said to have been gripped with intense financial constraint. Sinking in intense financial crisis, the JSEB is delaying to clear the outstanding due to TVNL which in turn is unable to pay Central Coalfields Limited (CCL) for getting coal supply.

The TVNL has owed Rs 300 crore to CCL, which has warned to stop the coal supply in if the due is not cleared. The state Electricity Regulatory Commission has let TVNL sell its 50 MW power in order to generate its income. 

“The due is soaring that has to be paid by the electricity board. Despite several rounds of meeting, nothing conclusive has surfaced. The rising due has started affecting the business of TVNL,” said Anil Kumar MD TVNL.

Taking the decision on tariff petition, the Regulatory Commission has intimated the JSEB to make a move for clearing the outstanding due. The Commission has also directed the TVNL to pressurize the electricity board authorities in this regard.

JPN/Bureau