SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 25 Jan, 2023  

Power.Border.Thmb.jpg TN power utility to do away with subsidies for consumers

Power.Resize.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
IANS | 25 Jan, 2023
The Tamil Nadu Generation and Distribution Company (Tangedco) is to formulate a plan for consumers to give up the 100 free units and other power subsidies. This will come into effect after the Aadhaar linking of the consumers is completed.

A senior officer with Tangedco while speaking to IANS said that the power utility is in the final phase of executing the project and an announcement on the same would be given soon.

The households of Tamil Nadu as well as the weavers are getting 100 free units as a subsidy and the state power department is making alternate arrangements to substitute this.

Streamlining of power subsidies, Aadhaar linking of consumers, and feeder segregation are three major parameters to be executed by a power utility to get the Central government funding.

Tangedco has already taken steps for Aadhaar linking and feeder segregation and the power utility is now planning a scheme so that the consumers are giving up the subsidies voluntarily. If the consumers give up the power subsidies, the financial situation of Tangedco improves.

However, there has to be a separate column on Tangedco website required to introduce the scheme that helps the consumers give up the subsidies voluntarily. The Tangedco will advertise the scheme and report to Tamil Nadu Electricity Regulatory Commission.

With the last date for linking of Aadhaar cards coming up on January 31, the Tangedco, according to the senior official, has no plan to extend the last date. The Tangedco official also said that a new plan for voluntarily foregoing the power subsidy will be submitted before the Tamil Nadu Assembly session is convened.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter