Do Not Hike Power Tariff This Time: Vizag MSMEs | SupportBiz


Do Not Hike Power Tariff This Time: Vizag MSMEs

Visakhapatnam, January 28: Andhra Pradesh government increases its power tariff by 20 percent every year and this has resulted in a 20 percent increase in burden on the MSMEs. Local Industries from Visakhapatnam have demanded the government to stop this hike in power tariff every year.

In a report published in Times Of India, Ramakrishna Narappareddy, President of Visakha Autonagar Small Scale Industrialists Welfare Association said: “Government needs to check the rising power tariff as well as review the public procurement policy announced by the central government keeping in mind the micro, small and medium enterprises (MSMEs).”

After Delhi government slashed domestic power tariff by 50% and people staging a protest in Mumbai seeking reduction in electricity rates, industry associations of various states have urged their governments to slash the power tariff or have requested to stop power hike this year.

The state government has been increasing power tariff by 20% every year and imposing an additional 20% burden in terms of fuel surcharge adjustment. Narappareddy urged this additional burden has to be stopped to support local industries, pointing out that the state had slipped into 10 position in terms of industrial output. “We are not asking for slash in power tariff as made by the Delhi government, but we do not want them (state government) to increase it this time.”