Tamil Nadu will now improve its power capacity and for the same, a consultant will be appointed. “To improve the overall commercial and physical performance of Tangedco and Tantransco, a particular Organisational Transformation Study funded by the government will be offered during 2020-2021 financial year,” said a senior Tangedco official. Tantransco has invited eloquence of interest for shortlisting the consultants to undertake a strategic study on the Tamil Nadu power sector.

Cases of corona continue to surge in the state of Tamil Nadu

The last date for submission of bids is October 7. The official stated that the study would make strategic recommendations on various issues, including meeting the expected demand for electricity at the least cost and promoting further improvement and utilization of renewable energy while judiciously utilizing the existing generation function. On the commercial part, the study would suggest demoting the subsidy burden on the State coffers, cross-subsidies and improving cost recovery, and also replacing the financial viability of the sector, the official said. Besides, the study would also devise policies to achieve short-term and long-term efficiency profits in performance parameters.

Palani temple's tender notice gets looked upon

The State government would appoint a strategic consulting firm to support the Finance and Power departments to develop a restructuring strategy for the power sector and also support other operational requirements of Tangedco and Tantransco to meet the new financial and regulatory reporting requirements and enhancement of financial management capacity. A senior official from Tangedco’s finance wing stated that the biggest barrier in turning around the discom was the lack of political will to periodically hike tariffs. 

Tamil Nadu: Educational Institutions to commence partially from Oct 1