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Tangedco told to pay Rs 42 lakh to compensate for late payments

Tamil Nadu Electricity Regulatory Commission (TNERC) has ordered Tangedco to pay Rs 42.3 lakh as fine to three windmill power generators for not clearing their bills on time.The TNERC, in three separate orders, directed Tangedco to pay the fine in cases pending since 2012. The orders were passed two days ago. The windmills, with capacities less than 1MW each, are located in Tirupur and Tirunelveli districts.“It is clear that the contract between the petitioner and the respondent provides for payment of 1 per cent interest per month for delayed payment beyond 30 days of receipt of bill. Since Tangedco has not denied its liability to pay the interest amount and in fact paid the invoice amount, having been paid belatedly we hold that interest .....

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