KCR refused to hike the power tariffs

Hyderbad, February 4: Discoms are proposed to electricity department officials that, The power tariffs will be hiked up to above the present rates. But, Telangana Chief Minister K Chandrasekhar Rao has refused to endorse a 15-20 per cent hike in the power tariff as proposed by the discoms. In a major relief to 1.32 crore power consumers in Telangana, According to sources, the CM made it clear to them that if at all, the hike cannot cross more than 4 per cent of the existing tariff.This has come as a shock to the two discoms which were banking on raising an additional revenue of Rs 2,000 crore by effecting a tariff hike ranging from 15 to 20 per cent for the year 2017-18."The chief minister is not willing for a hike. He rejected our proposals of a high tariff hike and asked us to come with a proposal where the hike should be around 3 to 4 per cent.This means, we will get nothing from the hike," said a senior official in Telangana Transco.