Tangedco’s burdens to grow despite rate hike

CHENNAI: The proposed tariff revision by Tamil Nadu Generation and Distribution Corp Ltd (Tangedco) is unlikely to reduce the State utility’s revenue deficit. Tangedco is expected to reduce its revenue gap by Rs 7,563.39 crore (46.9%) in the next financial year (2023-24) from the current year’s gap of Rs 16,158.28 crore, but the gap will increase by Rs 11,089.47 crore (22.5%) in 2024-25 due to the high transmission and generation costs.