• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Port Info

• Ships in Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mangalore , July 1

THE Kanara Chamber of Commerce and Industry (KCCI) has urged the Karnataka Government not to increase electricity tariff for the consumers of Mangalore Electricity Supply Company (Mescom) Ltd.

In a letter to the Chief Minister, Mr N. Dharam Singh, copies of which were released to the press here on Friday, the chamber said Mescom had issued a public notification on the proposed increase in electricity tariff. At present, the matter is before the Karnataka Electricity Regulatory Commission. The KCCI said the deficit, which was proposed to be covered by this increase, was only Rs 181.49 crore. Terming it as a very small percentage of the State budget of Rs 35,000 crore, the chamber requested the Government to make a provision for payment of Rs 181.49 crore to Mescom during 2005-06.

As a 100 per cent owner of Mescom, the Government was responsible for the management functioning and performance of the company. The Government should provide all equipment and support to realise the full potential of the electricity supply company, it said. It should enable Mescom not to effect any increase in tariff, except to those subscribers whose tariff is below the cost of production. Urging the Government to tackle the issue of providing electricity to any scheme at a tariff below the cost of production, the letter said such policies were affecting the functioning of electricity supply companies.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
`Country to receive near-normal rainfall'

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line