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Hiked power charges not to affect Punjab textile units
15
Sep '09
The textile industry in Punjab remains unfazed by the announcement of tariff hike in the state made by Punjab State Electricity Regulatory Commission (PSERC), as quality power is a core issue for the industry.

Announcement for hike in electricity charges for both, domestic and industrial customers has recently been made by PSERC. The revised rates would be made effective from April 1, 2009 and difference in billing would be collected from consumers in next 6 months, in installments.

Increase in electricity charges would not bother textile companies as long as the quality power is made available to them, said an expert. Irregularity in power supply forces textile units to work on captive power, which increases the production costs of the industry, affecting its competitiveness.

The cost of electricity is about Rs. 5 per unit but the cost of operating on captive power increases the cost to Rs. 12 per unit.

Fibre2fashion News Desk - India

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