Power News We love to talk!

FEB 19 2016

Reduce power tariff: textile mills

  • Economic Times, ET Bureau / Hyderabad
  • Created: Fri 19th FEB 2016

Southern India Mills’ Association, representing textile mills in the State, has asked the State Government to reduce power tariff for high tension consumers, and consider separate tariff for textile industry.

Association chairman M. Senthil Kumar, in a press release here, said that coal price has reduced from Rs. 3,591 a tonne to Rs. 5,399 in the last couple of years. Furnace oil price, excluding Value Added Tax, has also come down from Rs. 39.55 a litre to Rs. 17.81 and that of HSD (High Speed Diesel) oil has declined to Rs. 36.25 a litre from Rs. 51.70 a litre. Since price of fuels for power generation has come down and power is available under open access at a lower cost too, the power tariff should be reduced.

The State is now having surplus power though power consumption has increased by 33 per cent in the last five years. Tamil Nadu should be able to meet the future power demand and continue producing power to meet this requirement. It can enable the industries here to be competitive only if power is available at lower cost.



Tamil Nadu Open Access Coal Power Generation Tariff Oil Diesel Coal Price Tax Power India

Related News

  • Power cross-subsidy should be restricted to 20%: Minister  Read more
  • Government set to start talks on merging 13 state oil companies to create behemoth  Read more
  • Jindal Steel shelves $10 bn project after SC's coal verdict setback  Read more
  • Petrol price up by 58 paise a litre; diesel cut by 31 paise  Read more
  • Lenders order forensic audit of debt-laden JSPL  Read more
  • Oil drops as weak European data adds to demand concerns  Read more
  • Smaller rival shows way for monolith CIL  Read more
  • UDAY may provide Rs 80,000 crore relief to struggling discoms  Read more
  • Energy research firm Mercom says India to install over 2,000 mw solar power capacity in 2015  Read more
  • Elixer Tech launches solar power bank  Read more