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Coimbatore: “In the current state of the electricity board, further tariff reduction is difficult,” said Minister Senthil Balaji.
Participating in a private event in Coimbatore yesterday, he said: When Stalin took over as the Chief Minister of Tamil Nadu, the power board had a debt of 1.59 lakh crores. 16 thousand 511 crores in annual interest only. At that time, there was no money to purchase electricity. There was a risk of complete blackout in 3 months.
We have saved Rs 2,200 crore per annum through interest reduction measures. The Chief Minister directly supervised and accelerated the reforms. Thus, 24 hours uninterrupted power supply is possible.
A target of 19 thousand crores of revenue per year has been set through the tariff hike as the only way to restore the electricity supply is through tariff hike. Accepting the requests of various parties like industry and traders, the fee was reduced to some extent.
With this tariff hike, we now expect to generate 13,000 crore revenue per year. Further reduction in fares will worsen the situation. Therefore, traders and entrepreneurs should be patient. Representatives of industry and trade organizations should convey this to their respective departments. Thus, he spoke.
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