Meghalaya Electricity Corporation Registers Rs 350 Cr Loss Annually, Government to Review Operations
First Published: 5th September, 2024 18:34 IST
CM Sangma said that the state government is actively exploring all available options to address the financial challenges of MeCL.
Meghalaya Chief Minister Conrad Sangma has revealed that the Meghalaya Energy Corporation Limited (MeECL) is currently incurring a huge loss of Rs 350 crore per year.
However, he emphasized that this trend is a significant improvement compared to previous years and expressed optimism to bring down the amount of loss in the near future.
“Previous years’ number of losses are–744 crore, then 542 crore and currently in 350 core, so if you compare the numbers, in a systematic way, we are moving towards improvement and we are hopeful that we will be able to bring down the number of loses in the future,” said CM Sangma.
The Chief Minister said that the state government is actively exploring all available options to address the financial challenges of MeECL, including reviewing the corporation’s operational courses. But whatever, the government will decide will be with the knowledge and overall consensus of all stakeholders.
“We are looking at all the options, including courses of MeECL. We are in touch with stakeholders and employees, and we are at a very advanced stage of discussion. However, any decision we make will be with the knowledge and overall consensus of all stakeholders,” said the Chief Minister.
Also Read: Power Department Incurring a Loss of Rs 300 Cr Annually: Nagaland CM Neiphiu Rio
COMMENTS
TOPMOST STORY NOW
Live Centre Designates Darranga Land Check Post In Assam as an Authorized Immigration Check Post
01st November 2024Live Tripura’s Adong Jamatia to Represent India at Mister International 2024 To Be Held In Philippines
01st November 2024Live Manipur’s Internally Displaced People(IDP) Celebrates Diwali, Hopes To Return Home Soon
01st November 2024Live Are Manipur’s Churachandpur Roads Neglected?
01st November 2024WE RECOMMEND
This Bypolls, It’s All In the Families: 3 Wives, 2 Sons in The Fray, Sikkim CM’s Son Wins Unopposed
In the 8 assembly constituencies, there are as many as 6 kin of leaders in contesting the polls
01st November 2024Govt Pushes For Swift Completion of Eklavya Schools: Meghalaya Education Minister Rakkam A Sangma
Sangma outlined the project’s current status, noting that two EMRS have been completed, and some are in advanced stages.
01st November 2024Gracey Nandy Crowned Miss Shillong 2024
Mahima Sinha was named the first runner-up, receiving Rs 75,000, while Loretta Laloo secured the second runner-up position and won Rs 50,000.
01st November 2024123-Year-Old St. Anthony’s Lower Primary School, Shillong, A Heritage Building, To Make Way for a Modern Building
The replacement of St. Anthony’s iconic building emphasises the delicate balance between modernization and heritage in Shillong.
31st October 2024Shillong Medical College (SMC) Set To Open Next Year
The Meghalaya government is gearing up to open Shillong Medical College (SMC) by next year. Health Minister Ampareen Lyngdoh stated that SMC has met several key criteria, including land availability and a 400-bed hospital, which are essential for a functional medical institute. “The Shillong Medical College (SMC) and the Tura Medical College are in an […]
30th October 2024