The Telangana Government has decided to offer additional rebate on power tariff for the Ferro Alloy companies in the State.
In a big relief to the ferro alloy industrial sector passing through a phase of crisis, the Telangana government reduced the tariff cleared by the Electricity Regulatory Commission INR 1.50 per Kwh. The benefit of the lower power tariff will be applicable for the full financial year, according to a statement from the Chief Minister’s Office.
The Government will review the decision after one year or after the tariff for the next financial year, 2017-18, is finalised next year. Officials stated that the Chief Minister has taken the decision to reduce the energy tariff to the ailing ferro alloy industry to help them overcome the crisis. As per the retail supply tariff cleared by the Telangana State Electricity Regulatory Commission (TSERC), the tariff for ferro alloy units has been fixed at INR 5.90, INR 5.50 and INR 5 per Kwh of energy for consumption of contracted load in the categories of 11KV, 33 KV and 132KV or above, respectively. It was INR 5.70, INR 5.30 and INR 4.80 per Kwh during 2015-16. The government decision to reduce it by INR 1.50 per Kwh now would bring down the tariff to INR 4.40, INR 4 and INR 3.50 per Kwh, respectively, effectively taking it below the charges the industries paid last year.
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