Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Hindu
The Hindu
National
Special Correspondent

TNERC approves additional subsidy for Tangedco

Tamil Nadu Electricity Regulatory Commission (TNERC) has approved the payment of additional subsidy of ₹1,220.79 crore for FY2018-19 and FY2019-20, towards the supply of free agriculture power.

As per preliminary data, Tamil Nadu Generation and Distribution Corporation (Tangedco) had received a subsidy of ₹4,091.25 crore in FY2018-19, of which ₹3,294.21 was for agriculture normal category and ₹797.04 crore under the self financing scheme.

Similarly, in FY2019-20, the State utility had received ₹3,731.34 crore for the agriculture normal category and ₹525.89 crore under the self financing scheme, thereby receiving ₹4,257.23 crore in total, based on preliminary data.

As per the actual data, the subsidy to be received by Tangedco works to ₹4,751.07 crore in FY2018-19 and ₹4,818.20 crore in 2019-2020 respectively, TNERC noted, while approving the additional subsidy.

It also said the State government may release the subsidy immediately.

Tangedco cited the COVID-19 pandemic for the delay in uploading the actual connected load data for FY2018-19 and FY2019-20.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.