AP, TS not informed transfer plan of power energies’ possessions, liabilities

Vijayawada: Even as both Andhra Pradesh and Telagnana make claims and counterclaims on power fees, both the states have actually not informed the necessary transfer plan for possessions and liabilities of power energies up until now. Any claim on a transfer does not have legal support. Area 53 of AP Reorganisation Act, 2014 defines matters connecting to possessions and liabilities of state endeavors. It mentions that the possessions and liabilities of any industrial or commercial endeavor in the existing state of AP will be handed down to the state in which that location is consisted of on the designated day, regardless of the area of its head office. In case the operation of such endeavor ends up being inter-state, the possessions and liabilities of the functional systems will be assigned in between the 2 follower states on location-basis. The head office of such an endeavor will be assigned in between the 2 emerging states on the basis of their population ratio of 58 for AP and 42 for TS. With regard to Genco having overall properties of Rs 26,000 crore, Telangana’s share
is Rs 15,000 crore and AP’s Rs 11,000 crore. The liabilities likewise are approximated
in the exact same ratio whereas TS might declare Rs 15,000 crore and AP Rs 11,000 crore. Both the AP Mineral Development Corporation and its equivalent in Telangana
participated in a transfer plan and shared the properties and liabilities, in which the Telangana high court directed the AP federal government to pay its share of fees worth Rs 445 crore to TS. Describing Telangana chief minister Chandrashekar Rao’s current declaration
that AP power energies owed TS Rs 17,828 crore. As the Centre directed TS to
pay fees of Rs 6,75622 crore to AP, the latter can withdraw the quantity from
Telangana power energies and pay the staying total up to TS, indicating almost
Rs 11,000 crore. The AP federal government is treading meticulously on the problem as it is not simply settling the monetary charges of power energies in between it and TS however political level of sensitivity is likewise included. The AP federal government does not wish to annoy its neighbour on this problem, it appeared. The AP federal government is preparing its reply point-wise to counter the claims of the TS federal government and it is likewise preparing to submit a counter in the TS high court. The case is published for hearing on Oct. 13 with more tension put on the truth that no arrangement was participated in between both the states on transfer of properties and liabilities in spite of it being necessary according to standards of Split Act,2014 AP power authorities have actually been preserving that the state’s due is not more than Rs 3,000 crore to TS in relation to power energies. …
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