Maharashtra discom owes over Rs 1,000 crore to wind energy developers – Feedback

Wind energy developers in Maharashtra have alleged that the state power distribution utility owes them more than Rs 1,000 crore as it has stopped paying them since October last year, and said most projects are on the verge of collapse.

“We’re disappointed with what is happening in Maharashtra. Wind projects there are on ventilator. All assets will soon start defaulting and the state will be responsible,” said Sunil Jain, president of Wind Independent Power Producers Association (WIPPA). With an installed capacity of 4,647 MW, set up by more than 50 developers, the state is the second highest wind energy producer in the country after Tamil Nadu. Wind projects of 364.15 MW capacity have been waiting since 2014-15 to sign PPAs, while another 192.05 MW projects were completed in 2015-16.

http://economictimes.indiatimes.com/industry/energy/power/maharashtra-discom-owes-over-rs-1000-crore-to-wind-energy-developers/articleshow/52771407.cms

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