Monday , May 28 2018

Telangana rejects Rs 8,000-crore power subsidy plea

The energy department has estimated that Rs 31,984 crore would be required for next year and the expenses gap would be about Rs 8,000 crore.

Telangana Electricity Regulatory
Telangana Electricity Regulatory Commission has given February 23 as the deadline to file the new tariff proposals.

Hyderabad: The state energy and finance departments have unsuccessful to reach consensus over power subsidy for 2017-18. The energy department had queried the finance department for Rs 8,000 crore subsidies for the following year since it expects it would have to purchase more power since the agriculture sector would be spending more due to the availability of groundwater.

The energy sector estimates that it would need to purchase about 9500 MW in the following year. Saying that the state’s profits had come down due to demonetization, finance department officers said that they were not in a position to assign Rs 8,000 crore subsidy.

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Apart from the note ban, revenue will be hit in the next year because of the Supreme Court orders on liquor shops on the main road and in the initial stages of the implementation of GST, the finance wings officers said.

The energy section has estimated that Rs 31,984 crore would be required next year and the income gap would be around Rs 8,000 crore. While the subsidy given to the energy department in the present year is Rs 4,500 crore, the officers are expecting that the government would rise it by at least Rs 2,000 crore more, if not take care of the whole burden altogether. Meanwhile, the TS Electricity Regulatory Commission has given February 23 as the closing date to file the new tariff proposals.

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