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Home News Power Sector News Coimbatore - Rs 900 cr loss due to one day power holiday

Coimbatore - Rs 900 cr loss due to one day power holiday

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Power CrisisAbout 40,000 industries in and around Coimbatore suffered Rs 900 crore production loss today on the first day of implementing the power holiday announced by the Tamil Nadu government to tide over the severe power crisis, industry bodies said. "The 40,000 industries, 300 foundries, pump and motor manufacturers and textile mills stopped operations to cooperate with TANGEDCO (Tamil Nadu Generation and Distribution Corporation Ltd) in implementing power holidays to improve the power position," M Kandhasamy, president, Coimbatore District Small Industries Association said. He said industries had demanded a power holiday to enable them get power for the rest of the week. The full impact would be known after a week, as it would then be clear if the period of load shedding or power cuts was maintained or not, he said, adding there was a production loss of about 300 crore day. Southern India Mills' Association (SIMA) said the power holiday was not implementable as only some genuine industries would stick to the norms, while others would operate, despite the penal aspect by TANGEDCO.

"With power holiday, power cuts and 40 per cent scheduled power cut for HTs, around 900 mills of various sizes in and around the city are actully getting power eight days a month," SIMA secretary general K Selvaraj claimed. One day power holiday alone had resulted in a production loss of about Rs 300 to Rs 350 crore, as 40 per cent of total Tamil Nadu yarn production is from this region, he said.

James, president, Tamil Nadu Association of Cottage and Tiny Entrepreneurs, claimed all small, medium and tiny industries in and around the city closed for power holiday, hoping TANGEDO would provide uninterrrupted supply during other five days for the survival of the industry.

He also demanded that Government equally distribute power cut and implement power holidays for MNCs,which are given power through separate grid.

Source - Indian Express

 

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