CHENNAI: Despite being a turnaround case in power — from hugely deficit to surplus in the past eight years or so — Tamil Nadu’s energy health is not at peak efficiency.
According to a study released by ICRA at a conference on Tamil Nadu’s emergence as a power sector leader by Madras Chamber of Commerce & Industry (MCCI), the state utility Tangedco has huge outstanding payments to power generating companies which is much higher compared to distribution companies (discoms) in other industrialised states such as Gujarat, Maharashtra and Karnataka.
As of October 2020, TN’s outstanding to power generating companies is Rs 18,520 crore, the study noted. In contrast, Gujarat discom’s outstanding was Rs 448 crore, Maharashtra’s Rs 7,358 crore and Karnataka’s Rs 7,127 crore. However, the October outstanding was less than the Rs 19,034 crore due in September 2020.
[source: energyworld.com, 22/12/2020]