Power Minister James Sangma said today that the government has availed of a Central government loan to the tune of Rs 1,345.72 crore, which will be utilized to clear the dues the Power Department has incurred with various public sector electricity generating and transmission.
“The Cabinet last year had approved the proposal for availing this loan to infuse liquidity in the state-owned discom (distribution companies),” Sangma told reporters here today after a cabinet meeting.
“This is a special package (by the government of India). This loan will be disbursed to all the power generating companies. By that we expect that we will be able to write off all our liabilities,” he added.
Meanwhile, Sangma said that he is optimistic that the Ganol power project will be commissioned by May 2022.
He also said that work on the project is being monitored by the high-powered committee chaired by Chief Secretary MS Rao.
“It is a matter of pride for Garo Hills and also it will also address a lot of issues with regards to the problem of power in the region,” Sangma.