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Home News Power Sector News Power tariff to increase in Tripura

Power tariff to increase in Tripura

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TripuraIn the wake of huge loss after abrupt increase in prices of natural gas, Tripura State Electricity Corporation Ltd (TSECL), an autonomous body, is considering a hike in power tariff in the state."The hike in the power tariff is inevitable as the corporation is making huge loss due to hike in the price of natural gas by the Centre.

TSECL's expenditure for national gas has gone up to Rs 15 crore from Rs 5.50 crore per month after the hike which led to huge revenue deficit over the past several months," Power Minister Manik Dey said. According to him, the loss of the corporation has increased to Rs 96 crore during 2010-2011 financial year mainly because of hike in the gas price.Despite repeated appeals by the state government, Centre did not pay heed to reduce the gas price in spite of the fact that 90 per cent of state's power projects depend on natural gas, Dey told reporters.

He said there is also a need of revamping of the power transmission system to reduce transmission loss of power and added quite a large amount of money is also required to change the system.However, he did not specify the rate of increase of power tariff.Meanwhile, the first unit of 726 MW gas-based thermal power project at Palatana in South Tripura district start generating power by February next year, he said.

Source- IBN Live


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