“Cheaper power” was procured through long term agreements: Thangamani
The Hindu
Former Electricity Minister P. Thangamani on Saturday said that long-term power purchase agreements signed by the Tamil Nadu Generation and Distribution Corporation (TANGEDCO) with eight private suppl
Former Electricity Minister P. Thangamani on Saturday said that long-term power purchase agreements signed by the Tamil Nadu Generation and Distribution Corporation (TANGEDCO) with eight private suppliers during the previous AIADMK regime had provided for lower rates than those in other States. Responding to Comptroller and Auditor General (CAG)’s observation on the power utility in a report for the year ending March 2018 that there had been an “avoidable expenditure” of ₹712.03 crore till 2018 following the signing of the agreements, Mr Thangamani, who held the portfolio during 2016-21, said the agreements had stipulated the price at ₹ 4.91 per unit whereas, in other States, the per unit rate was ₹ 5.5.More Related News