Meghalaya Govt agrees to waive off upfront payment to NEEPCO

Syllad | The Rising MeghalayaMay 25, 2022

The state government on Wednesday agreed to waive off the upfront payment of Rs 1 lakh per megawatt to North Eastern Electric Power Corporation (NEEPCO). 

After chairing a cabinet meeting, Chief Minister Conrad K Sangma said under the 50 MW Umiam stage-I and 100 MW Umiam stage-II hydro electric 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 have also requested that the free power that comes up to 12% which has to be given to the state government should also be waived off. 

“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.