Summary:
"As power supply increased, Tangedco withdrew restriction and control measures for industrial and commercial categories of consumers, he said. "The Union power minister asked us to show others how we were able to achieve the turnaround," a senior Tangedco official told TOI on Friday. CHENNAI: The financial turnaround by Tamil Nadu Generation and Distribution Corporation (Tangedco) has become a model for other power distribution companies across India to follow, the Centre believes.At Union power minister Piyush Goyal's request, Tangedco chairman M Saikumar provided the Centre and Power Finance Corporation ( PWC ) details of the steps the utility took to cut losses. "Officials said the Union power ministry called the meeting to discuss the energy situation in all states as well as the status of Uday. "By halting power purchase from high-cost companies, we saved no less than 2,425 crore per annum," the official said..