"The Chamber believes that this move will send out wrong signals, especially at a time when Tamil Nadu is competing with other destinations in attracting new investments to the state," the Chamber said in a statement.

Noting that the Chamber was well aware of the need to increase the tariff, considering the hike in fuel costs,i t said "..the Chamber feels that the Government should implement the tariff hike in a fair manner, across all stakeholders".

Industries need "uninterrupted power supply" and it is possible to do proper scheduling and forecasting of renewable energy, a resource available in plenty in Tamil Nadu, it said.
"The state government and TANGEDCO need to work towards long-term strategies in terms of  grid power, added generation capacities, inter-state transmission capacity to import cheap power from electricity surplus states, beefing up intra-state transmission to ensure evacuation of wind generation within the State and give a fillip to wind power industry", the statement said.

Last week the Tamil Nadu Energy Regulatory Commission announced a 15 percent increase in power tariff for consumers across all segments, including both domestic and commercial.

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