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Tangedco aims to break even by 2025-26

- October 24, 2022

Chennai, Oct 24 (BPNS)

Tamil Nadu Generation and Distribution Company (Tangedco) is planning to break even by 2025-26 and aims to make a profit by the same financial year.

The Tamil Nadu Electricity Regulatory Commission has also approved Tangedco for increasing the tariff levels. Tangedco is also planning a crackdown on power thefts to increase the revenue of the organization and a special team will be constituted across the state for reducing the menace of power theft.

The Tamil Nadu power utility is also planning to specifically monitor commercial consumers who are misusing their domestic consumers.

The Tangedco is also planning to replace defective meters and ensure full assessment and also disconnect supply to payment defaulters.  The power utility will also be directing all Superintending level engineers to enhance payment online.

The power utility is trying to reduce the gap between the Average Rate of Realisation and the Average Cost of Supply through a slew of measures.

A senior officer of Tangedco while speaking to BPNS said, “ We are planning to reduce the gap between revenue generation and pending bills and increase maximum collection from the industry. All the pending bills have to be collected and have given a directive to divisional-level engineers for clearing all pending payments.”