The State government on Friday sanctioned Rs. 325 crore towards its value commitment for the foundation of Bhadradri (Manuguru – 4×270 mw) and Kakatiya Thermal Power Project-II.
The trusts were endorsed after a letter composed by the Chairman and Managing Director of TSGenco to the administration asking for arrival of Rs. 654 crore as the Government’s value commitment in setting up of plants.
The sum was not released before March 31 since trusts were not accessible and the Finance Department had released it from the 2015-16 financial plan by unwinding quarterly regulations, the requests issued by Energy Secretary Arvind Kumar sai