SHILLONG:
The government, on May 25, agreed to waive off the upfront payment of Rs 1 lakh per megawatt to North Eastern Electric Power Corporation (NEEPCO).
Post chairing a cabinet meeting, Chief Minister Conrad K Sangma said that under the 50 MW Umiam stage-I and 100 MW Umiam stage-II hydroelectric power project in the Umtrew river basin of East Khasi Hills, the Ministry of Power and NEEPCO had requested that the upfront payment be waived off.
He said that they had also requested waiving off of 12 per cent of free power that the public sector undertaking owes the state.
“Since it (NEEPCO) is a public sector undertaking, we have agreed that the upfront payment will be waived which amounts approximately Rs 1 lakh per megawatt but we will not be able to waive off the 12% of the free power that they should give to the state. So, the free power will continue,” Sangma added.