Chief minister K Chandrashekar Rao on Friday announced that there will be no power tariff hike for 2017-18.Even as he promised relief to Telangana residents, he also talked about a possibility of farmers losing free power supply soon. The CM made these revelations during a reply to a debate on budget proposals for 2017-18 in the Assembly.
His assurance on tariff comes amid uncertainty over de lays in power distribution companies submitting tariff proposals for 2017-18 to the Telangana State Electricity Regulatory Commission. There has been confusion over new tariff with the government not taking a decision on the matter.The chief minister said discoms have been told to hammer out a solution and not burden consumers. On the issue of financial distress of southern and northern power distribution companies, he also said the government absorbed over `12,000 crore of loans as part of the state joining the centrallysponsored Ujjwal Discom Assurance Yojana (UDAY) scheme which in turn will save discoms of `890 crore a year in interest burden alone. With regard to farm sector power supply minister K Chandrasekhar, chief Rao said there will be no need for free supply once all irrigation projects are completed.He said people were asking for supply of quality power and were ready to pay for it. Read More…
Credit By : Timesofindia.indiatimes.com
Latest posts by The Times Of India (see all)
- Versova-Ghatkopar Metro One crosses 60 crore ridership in 5 years - October 21, 2019
- City to get 32 charging stations for e-vehicles - October 21, 2019
- Habibganj station facelift work in fast lane to meet Dec 31 deadline - October 21, 2019