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2014-10-09

SMEs in Telangana to incur losses on two-day power holiday

The power holiday will have a huge impact on the SME sector

The Rs 10,000 crore Small and Medium Enterprises (SME) in Telangana would be forced to incur losses following the two-day weekly power holiday for industries announced by the State Government, as stated in PTI report.

 

President of Telangana Industrialists' Federation K Sudheer Reddy told PTI that the power holiday will have a huge impact on the SME sector. It will force them to cut production and keep the workers idle which would result in huge losses.

 

He said that the bigger industries will have alternate arrangements such as captive power plants to cope with the grim situation.

 

"Definitely this is a disturbing factor, especially for SME sector... Production hampers. SME sector in Telangana needs just over 300 MW power to run continuously," Reddy told PTI.

 

Telangana chief minister K. Chandrasekhar Rao said that the power crisis could continue to haunt the state for the next three years as some of the initiatives being taken by the government in power sector would yield results fully only then.

 

Federation of Andhra Pradesh Chambers of Commerce and Industry president Shivkumar Rungta said they are requesting the Government to allow industries to purchase power under 'open access' system even below one mega watt power requirement.

 

According to the data available from the Telangana Transco website, the total energy supplied from October 1 to 7 in the state stood at 989.5 million units against the requirement of 1121.5 MU, thus creating a deficit of nearly 132 MU.

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