+
Tripura Announces Rs 1,171.3 Mn Subsidy To Offset Power Hike
POWER & RENEWABLE ENERGY

Tripura Announces Rs 1,171.3 Mn Subsidy To Offset Power Hike

The Tripura government announced an additional subsidy of Rs 1,171.3 million (mn) to the Tripura State Electricity Corporation Ltd (TSECL) to cushion consumers from a hike in fixed charges in electricity bills. The state Cabinet approved the allocation on Thursday following protests and complaints over sharply higher bills. Power Minister Ratan Lal Nath said the measure was intended to provide immediate relief amid widespread agitation.

Regulatory changes by the Tripura Electricity Regulatory Commission in June had raised fixed charges and triggered protests across the state. The government assessed the impact on hundreds of thousands of consumers and the chief minister held a high level meeting to consider compensatory measures. Officials reviewed billing patterns and consulted the power corporation before finalising the subsidy.

With the additional allocation, the government’s total subsidy to the power sector for the current financial year will rise from Rs 775.7 mn to Rs 1,947.0 mn. The state will provide 100 per cent subsidy against the increased fixed charge to shield consumers from the extra burden. Authorities said the funds would be routed through TSECL to offset higher billing components.

The minister defended the government’s record on electricity tariffs, noting tariffs had risen by 40.42 per cent during the present administration’s tenure despite a sharp increase in natural gas prices. He contrasted this with a 116 per cent rise between the 2010-11 and the 2017-18 financial years under the previous Left Front government and described the subsidy as an unprecedented intervention. Opposition parties including the CPI(M) and Congress criticised the move as an abnormal hike, and consumers in several areas had protested by gheraoing TSECL offices while demanding prompt action to address bill grievances.

The Tripura government announced an additional subsidy of Rs 1,171.3 million (mn) to the Tripura State Electricity Corporation Ltd (TSECL) to cushion consumers from a hike in fixed charges in electricity bills. The state Cabinet approved the allocation on Thursday following protests and complaints over sharply higher bills. Power Minister Ratan Lal Nath said the measure was intended to provide immediate relief amid widespread agitation. Regulatory changes by the Tripura Electricity Regulatory Commission in June had raised fixed charges and triggered protests across the state. The government assessed the impact on hundreds of thousands of consumers and the chief minister held a high level meeting to consider compensatory measures. Officials reviewed billing patterns and consulted the power corporation before finalising the subsidy. With the additional allocation, the government’s total subsidy to the power sector for the current financial year will rise from Rs 775.7 mn to Rs 1,947.0 mn. The state will provide 100 per cent subsidy against the increased fixed charge to shield consumers from the extra burden. Authorities said the funds would be routed through TSECL to offset higher billing components. The minister defended the government’s record on electricity tariffs, noting tariffs had risen by 40.42 per cent during the present administration’s tenure despite a sharp increase in natural gas prices. He contrasted this with a 116 per cent rise between the 2010-11 and the 2017-18 financial years under the previous Left Front government and described the subsidy as an unprecedented intervention. Opposition parties including the CPI(M) and Congress criticised the move as an abnormal hike, and consumers in several areas had protested by gheraoing TSECL offices while demanding prompt action to address bill grievances.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Annette Gregg Named WTCA’s First Female CEO

World Trade Centers Association (WTCA) has appointed Annette Gregg as Chief Executive Officer, making her the first woman to lead the organisation in its 57-year history.Gregg assumed the role from October 5 and will lead WTCA from its recently established global headquarters at One World Trade Center in New York City. The association connects more than 300 World Trade Center locations across nearly 100 countries and territories.As CEO, Gregg will provide strategic leadership to WTCA and its global staff, working with the Board of Directors and members to advance business priorities, strengthe..

Next Story
Resources

Isprava Appoints Sanjay Sethi as Strategic Advisor

Isprava Group has appointed Dr Sanjay Sethi as Strategic Advisor to the business, with a focus on Lohono Stays and Isprava Hospitality.Sethi brings more than 37 years of experience across hospitality operations, development, ownership, strategic growth and capital markets. He will work closely with the Group on strategy, growth and the development of its hospitality business.The appointment comes as Isprava Group expands its integrated ecosystem spanning luxury homes, hospitality, private membership and end-to-end homeowner services.Nibhrant Shah, Managing Director & Co-CEO, Isprava Group, sai..

Next Story
Infrastructure Energy

SunBridge BioEnergy Starts Ethanol Production in Seoni

SunBridge BioEnergy, the bioenergy arm of SunBridge Group, has commenced commercial production at its grain-based fuel-grade ethanol manufacturing facility in Seoni, Madhya Pradesh. The Seoni plant has a production capacity of 300 kilolitres per day and a storage capacity of 11,000 kilolitres. Spread across approximately 117,560 sq m, the facility marks SunBridge BioEnergy’s entry into commercial ethanol production. The company is also expanding its ethanol portfolio with a 400 KLD facility in Raipur, Chhattisgarh, which is expected to become operational soon. Once commissioned, SunBridge ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code