₹974.77 crore loss for HESCOM, says MD

₹974.77 crore loss for HESCOM, says MD

The Hindu

As various stakeholders strongly opposed the proposal to hike power tariff, Managing Director of Hubballi Electricity Supply Company (HESCOM) M. Muniraju defended the proposal saying that it had become necessary as even after bringing down transmission and distribution (T&D) losses, HESCOM had incurred losses to the tune of ₹974.77 crore. Defending the proposal at the KERC public hearing on Monday, Mr. Muniraju said that HESCOM was purchasing power at ₹5.34 per unit as against ₹4.21 last year as the power purchase rates had increased.
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