EB charges will be go up soon!
Posted on: 17/Jul/2011 11:07:43 PM
The Government of Tamil Nadu has asked the Tamil Nadu Electricity Board (TNEB) to prepare a detailed proposal to increase power tariff for all sectors.
According to the recent release, TNEB has an accumulated loss of Rs 40,300 crore and an annual deficit of Rs 10,000 crore. Compared to neighbouring states, Tamil Nadu has the lowest power tariff, one that has remained untouched for more than 10 years.
Due to this, TNEB has been stuck in monetary quicksand, forcing chief minister J Jayalalithaa to appeal to the Centre for financial assistance. The government now seems to have realized that tariff revision is the only way out to save the ailing TNEB.
So, get ready to face the `shock` from TNEB!
