Kannur: Industrial units are hit by the surge in electricity prices in the state. Over 10 per cent increase in current tariff has kept 110 KV and 66 KV industrial units under stress.
Western India Plywoods, a noted enterprise in North Malabar will incur a loss of Rs 1 crore per year due to the hike in electricity tariff.
“Currently, an average amount of Rs 65 lakh is spent for electricity. This will rise to Rs 74 lakh to Rs 75 lakh,” said Managing Director PK Mayin Muhammad.
He informed that the enterprise itself has borne the expenses of substation, AC, tower and metering. There is no need for KSEB staff to visit for metre reading. KSEB incurs the lowest transmission loss due to the 110-volt supply. Such enterprises are the most profitable firms for the electricity board,” he added. The high tension and extra high tension consumers ensure 30 per cent electricity base load for 24 hours.
Extra high tension consumers Rubco has also been distressed by the escalated electricity charge. Managing Director PV Haridasan stated that REBCO will have to meet an additional expense of Rs 4 lakh to Rs 5 lakh solely for electricity. The expenses could not be met by increasing the price of the products in the current market situation, reported Rubco and Western India Plywoods.
KSEB’s Tariff order noted that the increase in the electricity price for the extra high tension sector will be nominal. However, over 10 per cent hike from the current tariff has been rolled out for this sector. The price hike will affect the institutions in both the private and public sector, said High Tension and Extra High Tension Electricity Consumers’ Association president AR Satheesh.