Electricity firms in andhra pradesh have opted to repay Rs 126 crore in savings made by cutting power purchases in the first quarter of this fiscal year. This is the first time in india that electricity firms have set aside a large sum of money and dispersed it to their customers. The power firms operated by andhra pradesh have the best performance in India. In tamil Nadu, however, just 1800 thermal power plants have been built in the last 15 years. Marathas and Gujarat, on the other hand, boosted their thermal power capacity to 10,842 MW and 6,927 MW, respectively, between 2014 and 2019. tamil Nadu lags far behind the rest of the country.
The tamil Nadu government has announced that in the next ten years, it will complete 17,970 MW of thermal power projects, including those that are now waiting in the state. This is insufficient. The 5700 MW power projects that are now in the works are expected to be finished next year. If the remaining power projects are started right away, they can be completed in the following 50 months. In the following five years, 17,970 MW of power projects are projected to be constructed.
As a result, in the next five years, the electricity Board must be profitable by accelerating the development of power projects. Ascertain that objectives are met as soon as possible. As stated in the declaration. andhra pradesh power companies can save so much money because they are willing to sell significant amounts of electricity on the open market and then negotiate with those companies to buy electricity at a cheaper price. As a result, such businesses will begin to turn a profit in the coming years.
When you look at these numbers, you can't help but wonder when the tamil Nadu electricity Board will make a profit. The tamil Nadu electricity Board is losing Rs 13,000 crore on an annual basis. The Board's total debt is Rs. 1.59 lakh crore. The main reason for this is that for the past 15 years, the tamil Nadu electricity Board has been buying electricity from the private sector at excessive prices, and thermal power projects in tamil Nadu have been shut down without being implemented for its convenience.
Tamil Nadu's entire thermal power-producing capacity is only 4320 MW. Nonetheless, given they were started 25 years ago, 12 units with a capacity of 2520 MW should be abandoned. The 5700 MW power projects that are now in the works are expected to be finished next year. If the remaining power projects are started right away, they can be completed in the following 50 months. In the following five years, 17,970 MW of power projects are projected to be constructed.
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