BENGALURU: State private sugar mills want govt to bail them out of financial distress, ask govt to buy power at remunerative rates About 30 private sugar mills in Karnataka have approached the government offering to sell 500 MW of power.
The KERC, last month, fixed Rs 4.67 as the tariff payable for the short-term power the utilities bought from private generators, including sugar mills, for the period between Sep 2015 and May 2016.The utilities bought 700 MW of power during this period at a provisional rate of Rs5.08 per unit after the government invoked emergency provisions, last year, forbidding power producers from selling power to outside buyers. This tariff now stands slashed by 41 paise.