Bescom proposes subsidy or incentive for industries during monsoon


Bescom proposes subsidy or incentive for industries during monsoon

In a bid to woo back industries, the Bangalore Electricity Supply Company (Bescom) is proposing a subsidy or incentives for industrial consumers during the monsoon.

Speaking at an interactive meeting organised by the Federation of Karnataka Chambers of Commerce and Industry (FKCCI) on Tuesday, Bescom Managing Director C. Shikha said with the State having surplus energy since last year, the excess power was being sold on the energy exchange.

However, during the phase when the monsoon covers the entire country, there is surplus energy in many States, as demand subsides owing to a reduction in the use of cooling devices as well as irrigation pumps. Due to this, the rates on the exchange come down too, she said. Read More

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