Here’s how cash-strapped Tangedco can save Rs 35,000 crore
CHENNAI: Cash-strapped TANGEDCO and the State government can save a whopping Rs 35,000 crore over a five-year period by shutting down 3.1 GW of old coal plants, halting construction of new coal plants, and boosting renewable energy, says a report by the non-profit agency, Climate Risk Horizons.
The report, titled ‘TANGEDCO’s Recipe for Recovery’, says the organisation’s participation in the Ujwal DISCOM Assurance Yojana (UDAY) in 2017 has failed to revive it. The Centre recently approved a bailout package of Rs 30,230 crore for TANGEDCO; but without measures to either lower the cost of power supply or raise tariffs, energy experts fear dues will continue to accumulate.
