Meghalaya cabinet agrees to clear Rs 5.65 bn NTPC power dues

20 Oct 2023 CW Team

The Meghalaya Cabinet announced on that it had approved a proposal to settle the pending power dues of the National Thermal Power Corporation (NTPC), amounting to Rs 5.65 billion, in 20 instalments, according to AT Mondal, State Power Minister. The proposal put forth by the Meghalaya Power department had received approval from the state cabinet, which was presided over by Conrad K Sangma, Chief Minister.

Mondal revealed that the department had initiated negotiations with NTPC after the outstanding power dues escalated to Rs 6.65 billion. Allowing the dues to persist would have led to a further increase, possibly crossing Rs 10 billion, placing a significant burden on the Meghalaya Power Distribution Corporation (MePDCL), Meghalaya Energy Corporation (MeECL), and the state government.

He stated, "Following negotiations and several meetings, NTPC agreed to accept a reduced payment of Rs 5.65 billion instead of the initially demanded Rs 6.64 or 6.65 billion. We have gained some relief in this regard. However, this amount will be disbursed in approximately 20 instalments." Additionally, he mentioned that NTPC had agreed to waive off over Rs 1 billion, and there was a potential reduction in the interest rate.

Mondal emphasised the financial instability of MeECL, saying, "This is why the state government has resolved to pay the sum of Rs 5.65 billion to NTPC."

Real Estate

16 Jul 2026

Bharat Shah Family Buys Four Luxury Apartments In Worli For Rs1.8 bn

The family of veteran investor Bharat Shah has acquired four ultra-luxury apartments on the higher floors of Kalpataru One in Worli, South Mumbai, for Rs1.8 billion (bn). The purchases were registered on 6 July 2026 and were executed through Preeti Bharat Shah and Kinnari Bharat Shah, who bought the flats from Kalpataru Properties Limited. Property registration documents reviewed by Zapkey show the total consideration at Rs1.7941 billion. The transactions recorded a per square foot RERA carpet price of Rs0.101 million (mn), with each apartment valued at about Rs448.5 million. The four residenc..

NITI Aayog Consultation On Critical Mineral Supply Chains

NITI Aayog convened a stakeholder consultation in New Delhi on Wednesday to assess requirements for critical minerals across strategic sectors, bringing together experts from government, research institutions, academia and industry. The meeting aimed to estimate current and future demand, identify supply chain vulnerabilities and discuss measures to strengthen domestic capabilities in exploration, processing and recycling. The exercise formed part of broader efforts to secure mineral value chains essential for economic growth, technological advancement and national security.\n\nDiscussions con..

Gujarat Tops India in Renewable Energy With 50.386 GW Capacity

Gujarat has emerged as India’s leading renewable energy state with a total installed renewable energy capacity of 50.386 GW, according to the Chief Minister’s Office. The capacity includes 15,850.56 megawatt (MW) of wind power and 32,302.7 megawatt (MW) of solar power, and the state accounts for 17.82 per cent of India’s total renewable energy capacity. The state ranks first in installed wind capacity and second in solar capacity. Gujarat has also installed more than 1.3 million (mn) rooftop solar systems generating 7,408.10 megawatt (MW). Ground mounted solar projects account for 23,259..