Business · 18 Oct
TN government was warned of power demand rise in July: Officials
AI summarySenior officials of the Tamil Nadu power utility claimed they warned the state government in July about rising electricity demand, which was allegedly ignored, resulting in emergency power purchases at up to Rs 37 per unit. The Tamil Nadu Power Distribution Corporation Limited floated tenders for October 12-31 only on October 6, by which time cheaper power had been secured by other states like Andhra Pradesh. The state's power-sector entities carry a combined outstanding debt of Rs 2.47 lakh crore, and industry associations are urging advance procurement to avoid costly emergency purchases.
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