to-the-point: Maharashtra utility owes USD 149m to wind cos

Defaults for wind assets in the Indian state of Maharashtra are possible soon as the local distribution company has not made payments to their operators since October 2015, The Economic Times (ET) said Thursday.

Maharashtra State Electricity Distribution Co (MSEDCL) allegedly owes over INR 10 billion (USD 149m/EUR 132m) to wind firms active in the state, according to the report.

The state-owned utility has also been postponing the signing of power purchase agreements (PPAs) for already completed wind parks.

At present, Maharashtra has 4,647 MW of wind parks set up by more than 50 developers.

(INR 10 = USD 0.149/EUR 0.132)

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