TN Budget: TANGEDCO gets power back with 100% loss support

CHENNAI: The State government in its budget promised to absorb 100 per cent of the Tangedco’s losses and allocated Rs 13,108 crore to the PSU. Be that as it may, experts in the field opined that it’s high time the company initiated a few steps towards transforming itself into a profit-making enterprise.

Retired superintending engineer of Tangedco C Santhanam told TNIE that although this announcement offered some relief, it was crucial to start building infrastructure. “The PSU should install more poles and transformers to supply power to rural areas without interruption,” he said. Even if the PSU utilised all of this amount (Rs 13,108 crore) properly, it won’t reduce the company’s burden of pending payments and dues, he said, adding that it was crucial to raise power tariff to generate sustainable revenue.