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Kolkata , June 1

WEST Bengal on Wednesday announced incentives for power-intensive industries in the State. Following a directive by the Electricity Regulatory Commission to the effect that State-owned power utilities cannot offer discounts to industrial units on power consumed by the latter, the Government has agreed to bear the burden of subsidies that had been promised to these industries.

According to Dr Sabyasachi Sen, Principal Secretary in Department of Industries and Commerce, the Government has agreed to bear the burden of power subsidies and reimburse to the industries amounts due to them for the residual period that would otherwise have been applicable to them as per agreements made earlier. The Government's cumulative financial outflow on this score would be around Rs 50 crore, Dr Sen said.

Besides, incentives of a maximum of 25 per cent of the net energy consumed would be made available for three years and five years to new power-intensive industries that are set up in Class B and Class C districts of the State, respectively.

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