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Both Bescom and KPTCL have come out with standard excuses such as demand is more, state facing shortage, technical snags in Raichur power plant. The industry says this is one of the worst situations in the past two decades.All process industries have come to a halt as production costs have increased by 60% and the output has come down by 10%. The association members have decided to shut the operations of the industrial hub for one day if the situation doesn't improve.
According to Peenya industrial Association members, they have faced a loss of Rs 10 crore to 12 crore in the last one week due to power cuts.According to traders, Chickpet generates a turnover of Rs 300 crore every day but due to long power cuts, almost every shop is facing about 20% loss.
Federation of Karnataka Chambers of Commerce and Industry (FKCCI) president J Crasta said: "One has to know why the power generation has reduced. It is because the turbines are not working due to the low-quality coal being purchased by the government. It's time the government did something about inefficient management. It must go in for smart meters."
Five to six hours of intermittent power cuts every day have crippled the industry. The domestic and industrial consumers are bearing the brunt due to power cuts. Both Bescom and KPTCL have come out with standard excuses. According to source, almost every shop is facing about 20% loss and smoke levels in commercial hubs increased due to constant use of gensets.The association members have decided to shut the operations of the industrial hub for one day if the situation doesn't improve.
