MSEDCL in financial spot over power dues
The country’s largest power distribution company — Maharashtra State Electricity Distribution Company Limited (MSEDCL) — is in financial trouble because of the mounting power bill arrears of consumers, especially residential, commercial and small industrial users.In many parts of the state, the power bill dues from consumers have doubled. Company officials are hoping for an improvement in the situation soon. They said the company had continued to purchase power to cater to the increasing demand during the lockdown but the outstanding dues from consumers had put them in a financial fix.The distribution company said it is important that people clear their dues because almost 85% of the bill revenue is used to purchase power. “Electricity cons.....