Tamil Nadu DISCOM Directed to Pay ₹165 Million in Wind Dues with 12% Interest
The Commission directed the DISCOM to pay interest at an annual rate of 12%
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The Tamil Nadu Electricity Regulatory Commission (TNERC), in a recent order, directed the Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) to pay $164.95 million (~$2.18 million) in outstanding dues and interest at the rate of 12% per annum to a wind developer within 30 days from date of the issuance of the order.