City
Epaper

Financial crisis : TN power utility cracks whip on default local bodies

By IANS | Updated: September 1, 2022 10:10 IST

Chennai, Sep 1 With the financial woes of the Tamil Power utility, Tangedco, on an ascent, it has ...

Open in App

Chennai, Sep 1 With the financial woes of the Tamil Power utility, Tangedco, on an ascent, it has directed all the local bodies in the state to pay up the dues with immediate effect.

Officials with the financial department of Tangedco told that an amount of Rs 1,800 crore was due from local bodies of the state.

Sources in Tangedco told that the department has also directed its officials to collect dues not only from local bodies but also from state government-run bodies like water authority, school education department, police and municipalities.

Tangedco, according to information, is reeling under financial crisis and is hence pressing its consumers to pay up their dues.

The department has also directed the officials to identify connections to which notices have been sent for non-payment of dues. The department has also directed officials to take up the matter with the revenue officials in the concerned districts, including the district collector to get the dues paid.

With Tangedco moving ahead with several reforms, the officials in the department told that without making the base of the utility strong by collecting its long pending dues, the power body will crumble in the long run and hence stringent actions against erring consumers.

A senior official with Tangedco told that the mounting bills have to be settled on a war-footing and the idea is to bring the power utility a debt-free company or a zero-debt company in a few years from now.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Tamil power
Open in App

International Realted Stories

InternationalAny involvement of Hamas in Kashmir 'very serious matter', says former US NSA

InternationalEarthquake of magnitude 3.2 hits Nepal

International"President Lorenzo condemned terrorist act in J-K," says MEA Secy

InternationalAngola President Lourenco condemns Pahalgam terror attack, expresses solidarity with India in tackling cross-border terrorism

InternationalSriLankan Airlines Flight From Chennai Searched After Pahalgam Attack Tip-Off, No Suspects Found