Tripura State Electricity Corporation Ltd. (TSECL) was facing troubles in the past few months as it was not being able to pay its dues to North Eastern Electric Power Corporation Limited (NEEPCO). As a result, NEEPCO had served a notice to TSECL stating that if the dues are not paid it will stop providing 100 out of the 110 MW power that it supplies to the state. This would have resulted in a major power crisis in Tripura.
TSECL owed a total of Rs. 180 crore in payments to NEEPCO but due to facing a major financial crisis it was not being able to pay its dues. However, in order to avoid facing a major situation due to the electricity supply being discontinued it has released Rs. 10 crore payment to NEEPCO. TSECL also said that it will clear the pending payment in a phased manner though it did not specify a time frame for it. On receiving the payment of Rs 10 crore, NEEPCO has agreed to continue supplying power to TSECL but only for the next two months. TSECL also owes a huge amount to ONGC Tripura Power Company Ltd. (OTPC) and might get served a notice from them as well