Tamil Nadu Generation and Distribution Corporation Ltd (Tangedco) is into massive losses. It was Rs 11,679 crore in FY 2012-13 which went up to Rs 13,985 crore in FY 2013-14. It has an accumulated loss of Rs 54,000 crore. Yet Tangedco does not mind gifting away Rs 23,000 crore to private solar power plant generating companies wanting to set up plants in Tamil Nadu.
