Won’t hike power tariff to overcome losses, says state energy minister
Latest news : Even as the Yogi Adityanath government has signed the ‘Power for All’ document with the Centre to provide 24×7 electricity supply to all households, state energy minister Shrikant Sharma has clarified that power tariffs would not be hiked this year.
State power utility UP Power Corporation Limited (UPPCL) is saddled with accumulated losses of about Rs 21,000 crore.
“Although the cumulative losses of UPPCL are to the tune of Rs 21,000 crore, we are against the idea of hiking power tariffs and are instead working towards decreasing the line losses,” he told Business Standard on sidelines of a media briefing following the state cabinet meeting here last evening.
He claimed even if the energy department could snap line losses by 10 per cent, there would be no need to hike power tariffs to bridge the yawning revenue and realisation gap. Sharma informed the new dispensation was working earnestly to reform the working of the energy department and ramp up the necessary infrastructure.