Chief Minister Provides Subsidy for TNEB Employees
Posted on: 13/Dec/2012 12:10:46 PM
TNEB staffs get subsidy announced by Tamilnadu Chief minister Jayalalithaa on Wednesday announced the officials to release Rs 375 crore to Tamil Nadu Electricity Board to purchase power during distress period. government had invested in treasury bonds during good rainfall years in accordance with a directive from the Chief Minister during her earlier regime who had instructed that the money be used during distress period.
As where the monsoon has failed this year, the total invested sum in treasury bonds works out to Rs. 375 crore and the Chief Minister has ordered that this money be released to the Tangedco (at the height of acute power crisis in the State), according to an official release. For several states she announced a sum of Rs. 352 crore as short-term loan towards setting up co-generation power units in 10 cooperative and two public sector sugar mills in the state.
