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CESC Ltd, the power provider for Kolkata and its suburbs , has sought a tariff revision of 18 per cent for financial year 2014-15.
In a recent petition to the State regulator, CESC has asked for tariff of an average ₹7.58 a unit (kilowatt-hour), up from the current rate of ₹6.38 a unit. The petition also sought regulator’s permission to allow 3 per cent hike for each in the next two financial years.
“Major reasons for increase in tariff proposed is unprecedented inflationary pressure and consequential cost increase, together with steep increase in prices of fuel (both primary fuel coal and secondary fuel oil, partly recovered through monthly variable costs adjustments) and impact of cost of power purchase under long term agreements,” CESC said in a statement.
ScholarshipMeanwhile, CESC on Friday announced a scholarship programme for students in graduation courses in West Bengal. The scheme si aimed at students who come from a family with an annual income of ₹2.5 lakh and have secured an average 85 per cent marks in their Class XII examinations. “Although we are starting with thirty ₹5000-a-month scholarships, more students will be added every year,” CESC said.
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