Tamil Nadu Generation and Distribution Corporation Limited (Tangedco) had legacy dues of ₹11,677 crore and current dues of ₹4,578 crore, the highest among State power distribution companies, as per data shared in Parliament.
According to a White Paper on Tamil Nadu government finances, Tangedco had outstanding debt of ₹1,34,119.94 crore as of March 31, 2021. Last year, the Centre brought out a scheme to enable distribution companies to clear their legacy dues existing as of June 3, 2022.
As per the scheme, distribution companies will be given a one-time relaxation wherein the outstanding amount, including the principal and late payment surcharge, will be frozen without imposition of a further surcharge. The discoms are given the flexibility to pay the outstanding amount in up to 48 instalments.
