KSEB for 60 p.c. tariff hike

By Our Special Correspondent

THIRUVANANTHAPURAM, JULY 31. The KSEB has indicated its desire to mobilise an additional revenue of Rs. 800 crores annually through a tariff hike.

This was stated in a report the KSEB submitted before the Subject Committee of the State Legislature on Power, which met here today.

The report, while dwelling on the financial problems of the KSEB, said the KSEB expected to raise additional revenue to that extent annually. When the Subject Committee members wanted to know the source of this expected additional revenue, the official concerned reportedly clarified that a tariff hike had become unavoidable.

Some of the Subject Committee members did some quick calculations at the meeting and asked whether this would not mean a tariff hike of over 60 per cent.

The LDF MLAs in the committee reportedly disputed the KSEB's contentions on the size of the total outstanding liabilities of the organisation.

The proposal comes close on the heels of the testing of the water, so to say, by the Government through a recent White Paper. Various categories of industrial consumers were quick to oppose the move then itself.

Send this article to Friends by E-Mail

Section  : Southern States
Previous : Nadapuram rape case: 4 more arrested
Next     : Tea auctions suspended