As the Tamil Nadu Government kickstarted the process of unbundling its energy distribution company with the formation of three companies, a major challenge awaits pertaining to the breakdown of accumulated losses of the power utility as the financial restructuring has not been done yet.
Last week, the state Energy Department issued an order for the restructuring of TANGEDCO (Tamil Nadu Generation and Distribution Corporation Ltd) into separate generation and distribution companies and the formation of Tamil Nadu Green Energy Corporation Ltd (TNGECL) by integrating the renewable energy wing of TANGEDCO and merger of TEDA (Tamil Nadu Energy Development Agency) with the new green power company.
It said TNGECL should not only be helpful to f…
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