{"id":603086,"date":"2023-09-12T11:33:54","date_gmt":"2023-09-12T06:03:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=603086"},"modified":"2023-09-12T11:48:46","modified_gmt":"2023-09-12T06:18:46","slug":"tangedco-seeks-state-nod-for-trifurcation-to-manage-debt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tangedco-seeks-state-nod-for-trifurcation-to-manage-debt\/","title":{"rendered":"Tangedco seeks state nod for trifurcation to manage debt"},"content":{"rendered":"<p>CHENNAI: The state\u2019s cashstarved power behemoth, Tamil Nadu Generation and Distribution Corporation (Tangedco), is to be trifurcated, with three distinct utilities being formed for generation, distribution and renewable energy.<\/p>\n<p>A decision to this effect was taken by the board of directors of Tangedco following a recommendation from consulting firm Ernst &amp; Young. In August, the consulting firm, engaged by the state in 2021 to study Tangedco\u2019s financials, submitted a comprehensive report and analysis with solutions to relieve it from the current financial crisis.<\/p>\n<p>Records show Tangedco has an outstanding debt of `1.6 lakh crore. On Saturday, the board comprising officials from Tangedco and the finance department decided to forward the report recommending the formation of new companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CHENNAI: The state\u2019s cashstarved power behemoth, Tamil Nadu Generation and Distribution Corporation (Tangedco), is to be trifurcated, with three distinct utilities being formed for generation, distribution and renewable energy. A decision to this effect was taken by the board of directors of Tangedco following a recommendation from consulting firm Ernst &amp; Young. In August, the consulting firm, engaged by the state in 2021 to study Tangedco\u2019s financials, submitted a comprehensive report and analysis with solutions to relieve it from the current financial crisis. Records show Tangedco has an outstanding debt of `1.6 lakh crore. On Saturday, the board comprising officials [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-603086","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/603086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=603086"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/603086\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=603086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=603086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=603086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}